REV Exploration Corp. announced that, further to its previous news releases, the company has received final approval from the TSX Venture Exchange and completed the acquisition of the Aden Dome Natural Hydrogen Project in Alberta.
The transaction was completed on an arm’s-length basis, and no finder’s fees were paid. All conditions under the purchase agreement have been satisfied, including the issuance of 300,000 common shares to the vendor at a deemed price of C$0.27 per share, subject to the required hold period.
With the acquisition now complete, REV holds a 100% interest in the project and will proceed with its planned exploration activities.