RAB Capital Discloses Additional Investment In Viva Gold Corp.

Executive Summary

• RAB Capital Jersey Limited, controlled by Philip Richards, purchased 1,250,000 units of Viva Gold Corp. in a private placement at C$0.16 per unit for total consideration of C$200,000.
• The acquisition raises Mr. Richards’ beneficial ownership to approximately 12.94 % (non‑diluted) and 16.31 % (partially‑diluted) of Viva Gold’s outstanding common shares.
• Each unit includes one common share and one half‑share purchase warrant exercisable at C$0.24 per share through December 29, 2028; the transaction is disclosed in an early‑warning report filed under NI 62‑103.

Key Details

• Purchase price & proceeds: C$0.16 per unit; total cash outlay of C$200,000.
• Units acquired: 1,250,000 units (each unit = 1 common share + ½ warrant).
• Warrant terms: Exercise price C$0.24 per share; exercisable until 29 Dec 2028.
• Post‑transaction holdings:
• Common shares – 22,220,000 (≈12.94 % non‑diluted).
• Warrants – 5,775,000 (≈16.31 % partially‑diluted).
• Pre‑transaction holdings: 20,971,500 common shares and 4,150,000 warrants.
• Purpose: Investment for long‑term view; RAB Capital may acquire or dispose of additional Viva Gold securities in the future.
• Regulatory filing: Early warning report filed pursuant to National Instrument 62‑103; available on SEDAR.

Notable Quotes

No executive quotes were included in the release.