Viva Gold Announces Private Placement Offering

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[{"type":"text","content":"Viva Gold Announces Private Placement Offering\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Langley, British Columbia\n \n\n -- December 11, 2025\n \n\n –\n \n\n TheNewswire\n \n\n - Viva Gold Corp. (\"Viva Gold\" or the\n“Company”) (TSXV: VAU, OTCQB: VAUCF) is pleased to announce its\nintention to complete a non-brokered private placement (the\n\"Offering\") of up to\n \n\n 18,750,000 units\n(the \"Units\") at a price of CDN$0.16 per\n \n\n Unit\n \n\n for\n \n\n gross\n \n\n proceeds\n \n\n of\nup to\n \n\n CDN$3,000,000. Each Unit\n \n\n will\n \n\n consist\n \n\n of\n \n\n one\n \n\n common\nshare\n \n\n in the\n \n\n capital\n \n\n of\n \n\n the\n \n\n Company (a\n \n\n “Share”)\n \n\n and\n \n\n one-half\n \n\n of\n \n\n one\n \n\n non-transferable common\n \n\n share\n \n\n purchase\n \n\n warrant\n \n\n (each\n \n\n whole\n \n\n common\n \n\n share\n \n\n purchase\n \n\n warrant, a\n \n\n “Warrant”).\n \n\n Each\n \n\n whole\n \n\n Warrant\n \n\n will\n \n\n be\nexercisable to acquire one Share at an exercise price of CDN$0.24 per\nShare for a period of 36 months from the date of issuance.\n \n\n\n\n Certain\n \n\n insiders\n \n\n of\n \n\n the\n \n\n Company\n \n\n may\n \n\n acquire Units\n \n\n in\n \n\n the\n \n\n Offering.\n \n\n Any\n \n\n participation\n \n\n by\n \n\n insiders\n \n\n in\n \n\n the\n \n\n Private\n \n\n Placement would\n \n\n constitute\n \n\n a\n \n\n \"related party transaction\" as defined under\nMultilateral Instrument 61-101\n \n\n Protection of Minority Security Holders in Special Transactions\n(“MI 61-101”)\n \n\n . However, the Company expects\nsuch participation would be exempt from the formal valuation and\nminority shareholder approval requirements of MI 61-101\n \n\n as\n \n\n the\n \n\n fair\n \n\n market\n \n\n value\n \n\n of\n \n\n the\n \n\n Units\n \n\n subscribed\n \n\n for\n \n\n by\n \n\n the\n \n\n insiders,\n \n\n nor\n \n\n the\n \n\n consideration\n \n\n for\n \n\n the\n \n\n Units\n \n\n paid\n \n\n by\n \n\n such\n \n\n insiders,\n \n\n would\n \n\n exceed\n \n\n 25% of the Company's market\ncapitalization.\n \n\n\n\n Viva Gold intends to allocate the proceeds of the\nOffering, net of any finder’s fees, towards\nPre-Feasibility/Feasibility study work at its Tonop...

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