Northwire Canada EditionWednesday, August 5, 2026
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BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% EFR 17.43 −3.8% EMPR 0.890 −1.1% SGZ 0.040 +0.0% SGML 14.87 −4.1% DEF 0.185 +12.1% UCU 3.44 −0.3% BBB 0.660 −2.9% PML 1.71 +3.0% GR 0.075 +15.4% GSKR 3.42 +4.0% LAR 8.93 −1.3% LSTR 0.085 +21.4% NTH 0.165 +0.0% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% EFR 17.43 −3.8% EMPR 0.890 −1.1% SGZ 0.040 +0.0% SGML 14.87 −4.1% DEF 0.185 +12.1% UCU 3.44 −0.3% BBB 0.660 −2.9% PML 1.71 +3.0% GR 0.075 +15.4% GSKR 3.42 +4.0% LAR 8.93 −1.3% LSTR 0.085 +21.4% NTH 0.165 +0.0%
Financings

Viva Gold Closes Oversubscribed Private Placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 17:00 VAU · 0.2 Viva Gold Corp.
VAU · Price

Executive Summary

  • Viva Gold Corp. completed a non‑brokered private placement of 26,145,456 units at CDN $0.16 per unit, raising gross proceeds of approximately CDN $4.18 million.
  • Proceeds are earmarked for pre‑feasibility/feasibility studies, technical and environmental work, geophysical surveys, drilling at the Tonopah Gold Project, and general working capital.
  • Insiders purchased 6,490,956 units; finder’s fees of CDN $84,154 were paid along with issuance of 525,962 non‑transferable Finder’s Warrants (exercise price CDN $0.24).

Key Details

  • Units Issued: 26,145,456 (each unit = 1 common share + ½ warrant).
  • Pricing & Proceeds: CDN $0.16 per unit; gross proceeds of CDN $4,183,273.
  • Warrant Terms: Whole warrants exercisable at CDN $0.24 per share until 29 Dec 2028 (36 months from issuance).
  • Insider Participation: Insiders bought 6,490,956 units (~25% of the offering), qualifying as a “related party transaction” exempt from MI 61‑101 valuation/approval thresholds.
  • Finder’s Compensation: CDN $84,154 in cash plus 525,962 Finder’s Warrants (non‑transferable, same exercise price and expiry as other warrants).
  • Use of Proceeds:
  • Pre‑feasibility/feasibility study work for the Tonopah Gold Project.
  • Required technical and environmental studies.
  • Geophysical surveys and additional geological work, including drilling.
  • General working capital.
  • Regulatory Conditions: Offering remains subject to final approval by the TSX Venture Exchange; securities subject to a statutory hold period of four months plus one day.
  • CEO Quote: “The strong support shown in this financing… is a vote of confidence in the future of the Tonopah Gold Project… we look forward to a very busy and successful 2026.” – James Hesketh, President & CEO.

Notable Quotes

“The strong support shown in this financing by both Viva’s existing and new shareholders is a vote of confidence in the future of the Tononaph Gold Project. These funds will allow the Company to move aggressively into pre‑feasibility/feasibility study work… we wish all our investors … a very happy holiday season and look forward to a very busy and successful 2026.” – James Hesketh, President & CEO.

Read the original news release →

More from Viva Gold Corp.

Jul 08, 2026 · 07:01

Viva’s Midway Hills step-out intercept confirms and enhances the discovery while capital headroom remains razor-thin.

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Drill Results Jun 23, 2026 · 07:00

Viva Gold Continues to Expand Gold Mineralization at the Tonopah Gold Project in Nevada

Drill Results Jun 03, 2026 · 07:01

Viva drilled high-grade shallow zones at Tonopah, advancing the pre-feasibility study toward a q4 2026 completion.

Drill Results May 14, 2026 · 08:35

Viva Gold’s investor day pitch leans on fresh high-grade hits, but the market stays anchored near the lows as the Tonopah PFS timeline stretches into late 2026.

Other May 13, 2026 · 07:01

Viva Gold Tonopah Drilling Validates Shallow High-Grade Zones Ahead of PFS

Drill Results