Viva GOLD Announces Private Placement
NR 18-11
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
VIVA GOLD ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, BC – September 13, 2018 – Viva Gold Corp. ( TSX-Venture: VAU; OTCBB:
VAUCF) (the “ Company” or “ Viva”) is pleased to announce its intention to complete a non -brokered
private placement (the "Offering") of up to 2,750,000 units (the "Units") at a price of CDN$0.37 per Unit
for gross proceeds of up to CDN$1,017,500. Each Unit will consist of one common share in the capital of
the Company (a “Share”) and one whole transferable common share purchase warrant ( each whole
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.
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.
Proceeds from the offering will be used to complete the remaining17-drill holes, of the 28-hole RC drill
program first announced in May of 2018 at Viva's Tonopah Gold Project, located near Tonopah Nevada.
Strong gold intercepts over good lengths in the first 11 -holes of th e drill program supports further
investment in identifying possible extensions to known gold mineralization by completing the remaining
17- drill holes in this program. Estimated all-in cost for the drill program is approximately US$400,000.
Additional work shall include gold recovery characterization and testwork at a n estimated cost of up to
US$100,000. Remaining funds will be utilized for working capital and general corporate purposes.
The Offering is available to investors in reliance on exemptions from the prospectus requirement set out
in National Instrument 45 -106 Prospectus Exemptions and BC Instrument 45 -536 Exemption from
prospectus requirement for certain distributions through an investment dealer and the corresponding
blanket orders and rules in the other Canadian jurisdictions that have adopted the same or a similar
exemption from the prospectus requirement (collectively, the "Investment Dealer Exemption"). The
Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba
and New Brunswick to a person or company who has obtained advice regarding the suitability of the
investment from a person registered as an investment dealer in such person’s or company’s j urisdiction.
As required by the Investment Dealer Exemption, the Company confirms there is no material fact or
material change relating to the Company that has not been generally disclosed.
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, wo uld exceed 25% of the Company's market
capitalization.
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. Additional resale restrictions and legends may apply in the United States and
other jurisdictions.
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 demonst rated high-grade measured, indicated and
inferred gold resources, located on the prolific Walker Lane Trend in Nevada, 30 kilometers south-east of
the Round Mountain mine of Kinross Gold and 20 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 has 17.8 million shares outstanding and trades on the TSX -V “VAU”, on the OTCBB in the US
“VAUCF” where it has applied for DTC eligibility , and on the Frankfurt Exchange under the symbol
“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 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.