Welcome to our dedicated page for Viva Gold news (Ticker: VAUCF), a resource for investors and traders seeking the latest updates and insights on Viva Gold stock.
Viva Gold Corp (OTCQB: VAUCF) generates news primarily through developments at its 100%-owned Tonopah Gold Project on the Walker Lane Mineral Trend in western Nevada. As a junior gold company in the gold ore mining sector, its updates often focus on exploration results, economic studies, and technical programs that may affect the project’s advancement.
News coverage for Viva Gold commonly includes drill program announcements, where the company reports reverse circulation drilling results, intercepts of gold mineralization, and implications for resource classification and extensions of known zones. These releases often reference the project’s Preliminary Economic Assessment and how new data may influence future resource models and potential project economics.
Another key category of news involves metallurgical and engineering work. Viva Gold has issued updates on metallurgical testwork, such as pulp agglomeration and heap leach studies, and has discussed the potential use of traditional milling alongside heap leach processing to handle high- and low-grade material. Such items help investors follow how processing concepts and recovery assumptions are evolving at Tonopah.
The company also appears in corporate and investor relations news, including participation in mining investment conferences in cities like New York, New Orleans, and Toronto, as well as media interviews with management. These items provide context on how Viva Gold communicates its Tonopah strategy, engages with institutional and retail investors, and positions itself within the junior mining space.
For investors tracking VAUCF, the news stream offers a consolidated view of exploration progress, technical studies, corporate initiatives, and public commentary related to the Tonopah Gold Project and Viva Gold’s broader development plans.
Viva Gold Corp. (TSX-V: VAU, OTCQB: VAUCF) announced the grant of 650,000 incentive stock options to its directors, officers, and consultants. The options have an exercise price of CDN $0.17 per share and are valid for three years. This compensation method is common for the company's Board of Directors. Viva Gold focuses on gold exploration and development, primarily in Nevada, holding the Tonopah Gold Project, which spans approximately 8,800 acres with significant gold resources.
Viva Gold Corp. announced amendments to its brokered private placement, now offering up to 19,047,619 units at $0.21 each, targeting $4 million in gross proceeds. This includes a Voting Restriction affecting Unit Shares and Warrant Shares at the upcoming Special Meeting on August 17, 2021, following a shareholder requisition. The deal's success hinges on TSXV requirements and the acceptance of the Voting Restriction by subscribers. CEO James Hesketh emphasized the importance of this financing for the Tonopah Project.
Viva Gold Corp. has called a special general meeting for shareholders on August 17, 2021, at 10 a.m. PT in Vancouver, BC, to address a requisition from a dissident shareholder group. This meeting aims to discuss the proposed control change without compensation to the majority shareholders, redirecting management's focus from ongoing financing and the Tonopah project. Following legal requirements, management will send a circular and proxy materials to shareholders. Viva holds 100% of the advanced Tonopah Gold Project, covering 8,800 acres with significant gold resources.
Viva Gold Corp. (TSXV:VAU) announced the receipt of a new requisition from a dissident shareholder group led by Humewood Ventures Corp., holding 6.12% of voting shares. The requisition demands a meeting to consider removing four directors and reducing the Board to four members. The company must issue a meeting notice by June 8, 2021. The dissident group has also criticized Viva's management and recent financing efforts. Despite this, Viva continues to focus on its Tonopah Gold Project, emphasizing the need for financing to support future developments.
Viva Gold Corp (TSX-V:VAU, OTCQB:VAUCF) has received a requisition from a dissident shareholder group led by Humewood Ventures and Dumont Capital, collectively holding about 5.35% of voting shares. The requisition calls for a special shareholders' meeting to vote on resolutions to remove four directors and reduce the board size to three. The board will review this requisition and provide updates accordingly. Notably, Humewood and Dumont have not participated in equity financings since before 2017.
Viva Gold Corp. has announced an upsized private placement offering, raising gross proceeds of $4 million due to strong investor demand. Each unit will be priced at $0.21 and includes a common share and a warrant exercisable at $0.30 for three years. The offering is set to close around May 31, 2021, pending necessary approvals. The funds will support working capital and general corporate purposes. The agent, Research Capital Corporation, will receive a 6% fee on proceeds and compensation options for units sold in the offering. The securities will not be registered under U.S. securities laws.
Viva Gold Corp. (VAUCF) has mutually terminated its Arrangement Agreement with Golden Predator Mining Corp. as the required supermajority of shareholder votes wasn't met, despite a majority in favor. No fees are to be paid by either party. The company will focus on advancing its 100% owned Tonopah Gold Project, located in Nevada, which has approximately 8,800 acres and demonstrates high-grade gold resources. The shareholder meeting scheduled for today has been canceled.
Viva Gold Corp (VAUCF) has affirmed its support for the Arrangement with Golden Predator Mining Corp announced on March 3, 2021, which involves Golden Predator acquiring all outstanding securities of Viva Gold. The proposed deal offers Viva shareholders 1.60 shares of Golden Predator for each share held, representing a 35% premium over the 30-day volume-weighted average price. The board unanimously recommends approval, highlighting benefits such as increased liquidity, growth potential, and enhanced management.
Viva Gold Corp. (VAUCF) has announced the mailing of materials to its shareholders for a special meeting scheduled for May 3, 2021, regarding its proposed acquisition by Golden Predator Mining Corp. (NTGSF). The arrangement offers a 35% premium over the average price of Viva Shares, presenting shareholders with continued growth opportunities and increased liquidity. The board has recommended voting in favor of the arrangement, highlighting benefits such as a strengthened management team and potential cost synergies.
Viva Gold Corp. (TSXV:VAU, OTCQB:VAUCF) announced strong assay results from five large diameter core holes at its Tonopah Gold Project in Nevada. Key findings include TGM2001 intercepting 59.1 meters at 1.31 g/t gold and 5.56 g/t silver, and TGM2002 achieving 37.7 meters at 3.35 g/t gold and 14.85 g/t silver. These results confirm high-grade mineralization continuity and will aid upcoming metallurgical and environmental tests. The company is also involved in a planned acquisition by Golden Predator (TSXV:GPY, OTCQX:NTGSF), subject to shareholder and regulatory approval.