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Revolve Renewable Power Corp. is a prominent North American company focused on owning, operating, and developing renewable energy projects. With a diverse portfolio of utility-scale wind, solar, hydro, and battery storage projects in the US, Canada, and Mexico, the company is a leader in the renewable energy sector. The Bouse Solar and Storage Project and the Parker Solar & Storage Project are significant additions to Revolve's expanding renewable energy portfolio. Revolve is dedicated to sustainable energy solutions, with a strong emphasis on innovation, efficiency, and environmental responsibility.
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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.
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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.
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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.
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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.
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Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) Obtains Final Order for Proposed Plan of Arrangement with WindRiver Power Corporation
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Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) announces ESG strategy and changes to board of directors, including reduction of directors from eight to seven and appointment of new non-executive director Susan Shaw. The ESG report is expected to be finalized in H1 2024 and will focus on the company's sustainability strategy and priorities.
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Revolve Renewable Power Corp. announces the approval of the proposed acquisition of WindRiver Power Corporation by its wholly owned subsidiary, Revolve Acquisition Corp. The special resolution of the Arrangement was approved by 90.25% of the votes cast by shareholders, with no votes against. The final order from the Court of King's Bench of Alberta is anticipated to be granted by mid-November, and the closing of the acquisition is expected to occur in early December 2023.
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Revolve Renewable Power Corp. reported its financial results for FY2023, marking a significant transition for the company. Key highlights include total revenues of US$1,109,374, renewable energy generation of 1,618,456kWh, and a gross profit margin of 90%. The company also announced the acquisition of WindRiver Power Corporation, adding 96.63MW of net operational and development capacity to its portfolio.
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Revolve Renewable Power Corp. announces DTC eligibility for its common shares in the United States, expected to enhance liquidity and simplify trading.
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Revolve Renewable Power Corp. announces proposed acquisition of WindRiver Power Corporation, adding 96.63MW of operational and development capacity to its portfolio. The acquisition aligns with the company's strategy of building a diversified renewable energy platform and expanding in the Canadian market. The acquisition will bring long-term recurring revenue and cashflow to the business.
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FAQ
What is the current stock price of REVOLVE RENEWABLE POWER (REVVF)?
The current stock price of REVOLVE RENEWABLE POWER (REVVF) is $0.193 as of December 19, 2024.
What is the market cap of REVOLVE RENEWABLE POWER (REVVF)?
The market cap of REVOLVE RENEWABLE POWER (REVVF) is approximately 12.4M.
What is Revolve Renewable Power Corp. focused on?
Revolve Renewable Power Corp. is dedicated to owning, operating, and developing renewable energy projects, including utility-scale wind, solar, hydro, and battery storage projects.
Where does Revolve Renewable Power Corp. operate?
Revolve operates in North America, with projects in the US, Canada, and Mexico, contributing to the region's sustainable energy initiatives.
What are some of the notable projects under Revolve Renewable Power Corp.'s portfolio?
Projects like the Bouse Solar and Storage Project and the Parker Solar & Storage Project are significant additions to Revolve's expanding portfolio of renewable energy projects.
What values drive Revolve Renewable Power Corp.?
Revolve is committed to innovation, efficiency, and environmental responsibility, focusing on providing sustainable energy solutions to meet the growing demand for renewable power.
How does Revolve Renewable Power Corp. contribute to the renewable energy sector?
Revolve plays a critical role in advancing the renewable energy sector by developing and operating utility-scale projects that leverage wind, solar, hydro, and battery storage technologies.
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