Viva Gold investor RAB Capital acquires 1.25M units

Executive Summary

• RAB Capital Jersey Ltd., controlled by Philip Richards, purchased 1.25 million units of Viva Gold Corp. in a private placement for aggregate consideration of $200,000.
• The transaction increased Mr. Richards' beneficial ownership to approximately 12.94% of outstanding shares (non-diluted) and 16.31% (partially diluted), triggering an early warning report under National Instrument 62-103.
• Each unit consists of one common share and one-half non-transferable common share purchase warrant, with warrants exercisable at 24 cents per share until December 29, 2028.

Key Details

• Transaction Date: December 30, 2025
• Buyer: RAB Capital Jersey Ltd. (controlled by Philip Richards)
• Issuer: Viva Gold Corp.
• Units Purchased: 1,250,000 units
• Price Per Unit: $0.16 CAD
• Aggregate Consideration: $200,000 CAD
• Unit Composition:
  • 1 common share per unit
  • 0.5 non-transferable common share purchase warrant per unit
• Warrant Terms:
  • Exercise Price: $0.24 per share
  • Expiration Date: December 29, 2028
• Post-Transaction Ownership (Philip Richards/RAB Capital):
  • Common Shares: 22,220,000
  • Warrants: 5,775,000
  • Ownership Percentage (Non-diluted): ~12.94%
  • Ownership Percentage (Partially Diluted): ~16.31%
• Pre-Transaction Ownership:
  • Common Shares: 20,971,500
  • Warrants: 4,150,000
• Regulatory Filing: Early Warning Report filed pursuant to National Instrument 62-103.

Notable Quotes

• "The units were acquired by RAB Capital for investment purposes. Mr. Richards and RAB Capital have a long-term view of the investment, and may acquire additional securities of Viva Gold, including on the open market or through private acquisitions, or may sell securities of Viva Gold, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors."