Nr 19-5 Viva GOLD Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
NR 19-5
VIVA GOLD ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, BC - April 3, 2019 - Viva Gold Corp. ("Viva Gold" or the “Company”) (TSX
Venture Exchange: VAU) is pleased to announce its intention to complete a non-brokered private
placement (the "Offering") of up to 5,000,000 units (the "Units") at a price of CDN $0.37 per Unit for
gross proceeds of up to CDN $1,850,000. Each Unit will consist of one common share in the capital of
the Company (a “Share”) and one whole transferable common share purchase warrant (a “Warrant”).
Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN $0.47 per
Share for a period of 24 months from the date of issuance.
Proceeds will be utilized to complete the already underway, updated resource estimate on the Tonopah
gold project, incorporating 26 new drill holes from our successful 2018 drilling campaigns; 3,000 to
4,000 meters of additional step-out and infill drilling to further increase resource size and confidence
level; metallurgical test work, and base-line environmental study work; and for general corporate
working capital purposes.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the
Private Placement would constitute a "related party transaction" as defined under Multilateral
Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
However, the Company expects such participation would be exempt from the formal valuation and
minority shareholder approval requirements of MI 61-101 as the fair market value of the Units
subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed
25% of the Company's market capitalization.
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 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.
About Viva Gold
Viva Gold is a gold exploration and development company with a focus on Nevada. Viva holds 100%
of the Tonopah Gold Project, a large land position with demonstrated high-grade measured, indicated
and inferred gold resources, located on the prolific Walker Lane Trend in Nevada, 36 kilometers south-
east of the Round Mountain mine of Kinross Gold and 30 kilometers from the Town of Tonopah. Viva’s
management team has extensive experience in mining exploration, development and production and are
supported by a Board of Directors and advisors who are proven mine finders, deal makers and
financiers. Viva trades on the TSX-V as “VAU”, on the OTCBB in the US as “VAUCF” and on the
Frankfurt exchange under “7PB”. For additional information on Viva Gold and the Tonopah Gold
Project, please visit our website: www.vivagoldcorp.com.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Valerie Kimball, Director of Investor Relations
720-933-1150
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes “forward-looking information” or
“forward-looking statements” (collectively, “forward- looking information”). Without limiting the
foregoing, such forward-looking information includes statements regarding the process and completion
of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s
business plans, expectations and objectives. In this news release, words such as “may”, “would”,
“could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar
words and the negative form thereof are used to identify forward-looking information. Forward looking
information should not be read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether, or the times at or by which, such future performance will be
achieved. Forward-looking information is based on information available at the time and/or the
Company management’s good faith belief with respect to future events and is subject to known or
unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond
the Company’s control. For additional information with respect to these and other factors and
assumptions underlying the forward-looking information made in this news release, see the Company’s
most recent Management’s Discussion and Analysis and financial statements and other documents filed
by the Company with the Canadian securities commissions and the discussion of risk factors set out
therein. Such documents are available at www.sedar.com under the Company’s profile and on the
Company’s website, https://vivagoldcorp.com/. The forward-looking information set forth herein
reflects the Company’s expectations as at the date of this news release and is subject to change after
such date. The Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, other than as required
by law.