Viva Gold Corp. announced a non-brokered private placement of 26,666,667 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 4,000,000.05 on June 10, 2024. Each unit will consist of one common share in the capital of the company and one half of one non-transferable common share purchase warrant.

Each whole warrant will be exercisable to acquire one share at an exercise price of CAD 0.22 per share for a period of 36 months from the date of issuance. The company may pay finder?s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is subject to approval of the TSX Venture Exchange.

The Offering is subject to a minimum subscription amount of CAD 5,000.10. The securities issued under the Offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Certain insiders of the company may acquire units in the Offering.