Revolve signs definitive agreement with Philippine Metals Inc as part of RTO on the TSX Venture Exchange
Dublin, Ireland, February 8, 2022 – Revolve Renewable Power Limited (“Revolve” of the “Company”) announces that the Company has signed a Definitive Agreement with Philippine Metals Inc. (TSXV: PHI) (“PMI”) in connection with its planned reverse takeover transaction (the “Transaction”) and as further described in the PMI news releases dated June 24, 2021, September 7, 2021, October 25, 2021, November 29, 2021, December 10, 2021 and December 30, 2021. The Transaction is subject to, among other things, the conditional approval of the TSX Venture Exchange (the “Exchange”), a process which is actively underway. Upon receipt of conditional approval of the Transaction from the Exchange, PMI will be filing a Filing Statement on SEDAR detailing the proposed Transaction.
About Revolve Renewable Power
Revolve Renewable Power Limited (www.revolve-renewablepower.com) is in the business of developing utility scale renewable energy generation projects in North America with a particular focus on wind, solar and battery storage technologies.
The Company was established in 2012 and since then has successfully built a diversified portfolio of projects across the different renewable energy technologies in both the US and Mexican markets. It currently has a portfolio of 3.3 gigawatts (“GW”) of projects under active development and a further 1GW of greenfield opportunities, which it is in the process of converting to its pipeline in the near term.
Revolve is in the process of rapidly expanding its pipeline and development activities in the US and is targeting an active portfolio of up to 3GWs under development by the end of 2022 in addition to a 2GW target for Mexico.