Viva GOLD Announces Private Placement Offering
NR 25-12
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
VIVA GOLD ANNOUNCES PRIVATE PLACEMENT
OFFERING
Langley, British Columbia -- December 11, 2025 -- Viva Gold Corp. ("Viva Gold" or the “Company”)
(TSXV: VAU , OTCQB: VAUCF ) is pleased to announce its intention to complete a non -brokered
private placement (the "Offering") of up to 18,750,000 units (the "Units") at a price of CDN$0.16
per Unit for gross proceeds of up to CDN$3,000,000. Each Unit will consist of one common share
in the capital of the Company (a “Share”) and one-half of one non-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$0.24 per Share for a
period of 36 months from the date of issuance.
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.
Viva Gold intends to allocate the proceeds of the Offering, net of any finder’s fees, towards Pre -
Feasibility/Feasibility study work at its Tonopah Gold Project including required technical and
environmental studies , secondarily for geophysical survey and other geologic work including
drilling, and finally for general working capital purposes.
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.
For further information please contact:
James Hesketh, President & CEO
(720) 291-1775
Graham Farrell, Investor Relations
(416) 842-9003
About Viva Gold
Viva Gold’s 100% owned Tonopah gold project sits in the middle of gold mining country about a
half hour drive south of the Round Mountain mine owned by Kinross Gold and controls a major
land position on the prolific Walker Lane Trend in Western Nevada. Viv a has developed a high
confidence level gold Mineral Resource and can demonstrate the potential for an economically
viable open pit, heap leach/mill gold project through rigorous PEA study. Viva Gold is committed
to developing the Tonopah Gold Project in a n environmentally and socially responsible fashion.
These values are aligned with management’s core values and permeate throughout our decision-
making process. Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who
has led the development and construction of mines around the world throughout his career. James
has surrounded himself with equally experienced mining professionals both on the management
team and the board. Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB "VAUCF"
and on the Frankfurt exchange "7PB". Viva currently has ~145.3 million shares outstanding and
boasts a best -in-class management team and board with decades of gold exploration and
production experience. The Company is advancing its high-grade Tonopah Gold Project in mining
friendly Nevada with the support of several institutional shareholders. More information can be
found on https://www.sedarplus.com and please visit our website :https://vivagoldcorp.com/.
Neither the TSX Venture Exchange nor its Regulation Services 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 di scussion of risk factors set out therein. Such documents are available at
www.sedarplus.ca 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.