- Viva Gold ( OTCQB:VAUCF ) has announced a non-brokered private placement of up to 21.43M units at a price of C$0.14/Unit for gross proceeds of up to C$3M.
- Each Unit will consist of one common share in the capital of the Co. and one whole non-transferable common share purchase warrant.
- Each whole Warrant will be exercisable to acquire one Share at an exercise price of C$0.23/Share for a period of 36 months from the date of issuance.
- The Co. plans to allocate the net proceeds towards drilling operations and completion of additional technical and environmental baseline studies at its Tonopah Gold Project, and secondarily for general working capital purposes.
For further details see:
Viva Gold announces private placement offering