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Viva Gold Files Special Meeting Materials in Connection With Proposed Arrangement With Golden Predator Mining Corp.
VANCOUVER, BC / ACCESSWIRE / April 5, 2021 / Viva Gold Corp. (TSXV:VAU)(OTCQB:VAUCF) ("Viva" ...
About this update from Viva Gold Corp
[{"type":"text","content":"Viva Gold Files Special Meeting Materials in Connection With Proposed Arrangement With Golden Predator Mining Corp.VANCOUVER, BC / ACCESSWIRE / April 5, 2021 / Viva Gold Corp. (TSXV:VAU)(OTCQB:VAUCF) (\"Viva\" or the \"Company\") is pleased to announce that it has filed and commenced mailing of materials to the shareholders of Viva (the \"Shareholders\"), including the management information circular of the Company dated March 25, 2021 (the \"Circular\"), for the special meeting of Viva Shareholders (the \"Meeting\") to be held on May 3, 2021 in connection with the proposed acquisition by Golden Predator Mining Corp. (\"GPY\") (TSXV:GPY)(OTCQX:NTGSF), of all of the issued and outstanding common shares of the Company (\"Viva Shares\") by way of a plan of arrangement (\"Arrangement\").Materials for the Meeting, including the Circular, are available on SEDAR at www.sedar.com and are available on the Company's website at https://vivagoldcorp.com/special-meeting.Benefits of the ArrangementAttractive Premium: A 35% to Shareholders over the 20-day VWAP, and 35% to the 30-day VWAP of the Viva Shares as at March 1, 2021.Future Growth: The Arrangement provides Shareholders the opportunity to continue to participate in the future growth of Viva's Tonopah Gold Project, as well as in a larger entity with stronger growth potential from a more diversified asset base supported by the financial resources available to GPY to develop such asset base.Fairness Opinion: The Viva Board received an Evans & Evans Opinion to the effect that, as of March 1, 2021, the consideration to be received by Shareholders pursuant to the Arrangement is fair, from a financial point of view, to Shareholders.Increased Liquidity: The Arrangement is anticipated to provide Shareholders with increased liquidity by the receipt of GPY Shares for their existing Viva Shares, due to GPY's larger market capitalization and access to capital.Significantly strengthened management and leadership team: An enhanced GPY management team with balanced and complimentary skillsets with proven mine building capacity and in-house technical expertise to advance projects.Cost Synergies and Enhanced balance sheet: Reduced overhead combined with a good cash position and marketable securities.THE CONSIDERATION1.60 Class A Common Shares of GPY for each Viva Share held (the \"Consideration\"). ...