Business
Viva Gold Closes Oversubscribed Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR ...
About this update from Viva Gold Corp
[{"type":"text","content":"Viva Gold Closes Oversubscribed Private Placement\n(TheNewswire)\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED\nSTATES.\n\n\nLangley, British Columbia -- December 30, 2025 –\nTheNewswire - Viva Gold\nCorp. (\"Viva Gold\" or the “Company”) (TSXV: VAU; VAUCF:\nOTCQB) is pleased to announce that on December 29, 2025 the Company\nhas completed the non-brokered private placement (the\n\"Offering\") described in its news release of December 11,\n2025. In connection with the closing of the Offering, the Company\nissued an aggregate of 26,145,456 units (the \"Units\") at a\nprice of CDN$0.16 per Unit for gross proceeds of CDN$4,183,273. Each\nUnit consists of one common share in the capital of the Company (a\n“Share”) and one-half of one non-transferable common share\npurchase warrant (each whole common share purchase warrant, a\n“Warrant”). Each whole Warrant is exercisable to acquire one Share\nat an exercise price of CDN$0.24 per Share until December 29, 2028\nwhich is 36 months from the date of issuance.\n\n\n“The strong support shown in this financing by both\nViva’s existing and new shareholders is a vote of confidence in the\nfuture of the Tonopah Gold Project. These funds will allow the Company\nto move aggressively into pre-feasibility/feasibility study work and\nultimately into permitting, a major catalyst for Nevada mining\nprojects. We wish all our investors and supporters a very happy\nholiday season and look forward to a very busy and successful 2026,”\nstates James Hesketh, President & CEO.       \n\n\nInsiders of the Company acquired an aggregate of\n6,490,956 Units in the Offering, which participation constituted a\n\"related party transaction\" as defined under Multilateral\nInstrument 61-101 Protection of Minority Security Holders in Special\nTransactions (“MI 61-101”). Such participation is exempt from the\nformal valuation and minority shareholder approval requirements of MI\n61-101 as neither the fair market value of the Units acquired by the\ninsiders, nor the consideration for the Units paid by such insiders,\nexceed 25% of the Company's market capitalization. As required by\nMI 61-101, the Company advises that it expects to file a material\nchange report relati...