On March 8, 2022, ReVolve Renewable Power Corp. (TSXV: PHI) (formerly, Philippine Metals Inc.) (the “Company”) announced the completion of its acquisition of all of the outstanding securities of ReVolve Renewable Power Limited (“ReVolve”) (the “Transaction”). The Transaction constitutes a Reverse Takeover of the Company and was completed according to the terms of a definitive agreement dated February 7, 2022 pursuant to which the Company acquired all of the issued and outstanding securities of ReVolve by way of a securities exchange transaction with all of the securityholders of ReVolve.
The Company’s common shares commenced trading on the TSX Venture Exchange under the new ticker symbol “REVV” on March 17, 2022.
ReVolve is a developer of utility scale renewable energy generation projects in North America, with a particular focus on wind, solar and battery storage technologies
Miller Thomson advised ReVolve in the Transaction with a team led by Alex Lalka (Capital Markets & Securities), and comprised of Ian Polisuk (Capital Markets & Securities) and Bailey Sprout (Student).
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