Viva Gold Corp. announced a non-brokered private placement to issue 16,666,666 units at an issue price of CAD 0.12 per unit for the gross proceeds of CAD 1,999,999.92 on November 21, 2023. Each unit will consist of one common share and one whole non-transferable common share purchase warrant.

Each whole warrant will be exercisable to acquire one share at an exercise price of CAD 0.18 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 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 shares in the offering