Northwire Canada EditionFriday, November 13, 2026
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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.

Nov 04, 2026 · 07:00

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Other Aug 17, 2026 · 07:00

Viva’s Tonopah Project Feasibility Study targets Q4 completion to advance Nevada permitting for the deposit.

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