ReVolve Renewable Power - REVVF STOCK NEWS

Revolve Renewable Power Corp. plans to release its Q2, 2024 financial statements on February 27, 2024. The company, a North American owner, operator, and developer of renewable energy projects, will provide an update on the business along with the financial statements.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) announces the addition of a new 150MW solar development project in Saskatchewan, expanding its presence in the Canadian market. The company also plans to finalize the development plan for the project and is in the process of acquiring WindRiver Corporation, which will add 96.63MW of net operational and development capacity to its portfolio. The proposed acquisition is expected to be completed in February 2024.

Revolve Renewable Power Corp. signs a Power Purchase Agreement for a new 450kWp rooftop solar project in Mexico, expected to be operational in June. The project will be financed through a combination of cash on hand and a new secured loan. All transactions will be in Mexican Pesos.

Revolve Renewable Power Corp. announces the closing of the third and final tranche of its non-brokered private placement offering of units, resulting in total gross proceeds of approximately C$2,317,207. The Company issued 1,715,542 Units yesterday for a total gross of approximately C$488,929.47. Each Unit is comprised of one common share of the Company and one common share purchase warrant, with each warrant exercisable to acquire one additional common share at a price of $0.45 for a period of eighteen months following the closing date of the offering. The net proceeds raised from the offering will be used for the construction of new distributed generation projects in the United States and Mexico, continued development of the company's utility scale project portfolio, working capital requirements, and other general corporate purposes.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) held its Annual and Special General Meeting, electing eight directors to the board and approving all proposed matters, including the appointment of auditors and re-approval of the incentive plan.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced the closing of the second tranche of its non-brokered private placement, raising $327,164.90. The Offering includes 1,147,947 Units at a price of $0.285 per Unit, with each Unit comprising one Common Share and one Common Share purchase warrant. The Warrants contain an acceleration provision, potentially expiring if the Common Share price reaches $0.60 for 15 consecutive trading days. The net proceeds will be used for construction of new distributed generation projects, continued development of utility scale project portfolio, and working capital requirements.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced an increase in the size of its non-brokered private placement to include a second tranche of up to $1,000,000. The first tranche of the offering resulted in total gross proceeds of approximately $1,501,112, with management, employees, and insiders of the company investing a total of $226,740. Each unit in the offering is comprised of one common share and one common share purchase warrant, with an acceleration provision. The private placement is subject to all necessary regulatory approvals, including final approval from the TSX Venture Exchange, and all securities issued will be subject to a four-month hold period under applicable Canadian securities laws.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) reported its Q1 FY2024 financial results, with total revenues of US$1,199,880, a significant increase from the previous year. The company's CEO, Steve Dalton, highlighted the strong performance driven by milestone payments from the sale of the Parker Solar & Storage project and stable revenue from the distributed generation portfolio. The proposed acquisition of WindRiver Power Corporation is expected to further boost the company's financial and project development targets for FY2024. Net income for the quarter was US$921,776 compared to a net loss of (US$572,997) in the same period last year.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) announced the completion of the first tranche of a non-brokered private placement, raising approximately $1,501,112. Insiders, employees, and management invested $226,740 in the offering. Each unit consists of one common share and one common share purchase warrant. The net proceeds will be used for the construction of new distributed generation projects in the United States and Mexico, continued development of the company's utility scale project portfolio, and working capital requirements.