Viva Gold Engages Independent Trading Group as Market Maker
NR 23-02
Viva Gold Engages Independent Trading Group as Market Maker
VANCOUVER, BC – February 9, 2023 – Viva Gold Corp. ( TSX-Venture: VAU; OTCQB: VAUCF ) (the
“Company” or “ Viva”) announces that, subject to regulatory approval, it has engaged the services of
Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture
Exchange TSXV, CSE, NEO policies. ITG will trade shares of the Company on the CSE/ NEO/ TSXV and all
other trading venues with the objective of maintaining a reasonable market and improving the liquidity
of the Company's common shares.
Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in
advance. The agreement is for an initial term of three months and will renew for additional one-month
terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There
are no performance factors contained in the agreement and ITG will not receive shares or options as
compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the
agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the
Company.
About Independent Trading Group
Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that specializes in market
making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic
trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has
leveraged its own proprietary technology to deliver high quality liquidity provision and execution services
to a broad array of public issuers and institutional investors.
About Viva Gold Corp
Viva Gold Corp’s (TSX-V: VAU; OTCQB: VAUCF; Frankfurt :7PB) principal asset is its 100% ownership in the
Tonopah Gold Project (Tonopah), a large land position on the world class Walker Lane Mineral Trend in
western Nevada, located about 30 minutes’ drive southeast of the Kinross Round Mountain gold mine.
The project is well advanced with a positive Preliminary Economic Assessment (PEA) describing a potential
open pit, heap leach gold recovery operation and a pit confined measured and indicated gold mineral
resources containing 394,000 ounces at 0.78 grams/tonne and 206,000 ounces of Inferred resource at
0.87 grams/tonne. The principal mineral trends on the property remain open for extension and the
company has a track record of steadily increasing gold resource over the last four years. Viva is building
market awareness as it advances Tonopah towards feasibility study and permitting and has made a
significant commitment to ESG and de-risking the project through open community disclosure and
completion of a number of baseline environmental and technical studies.
Viva has a solid capital structure with 91.6 million shares outstanding and a strong management team and
board who can claim both gold exploration and production experience. 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
Anne Hite, Director Investor Relations
(303) 519-5149
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.