Viva Gold ( (TSE:VAU) ) has provided an update.
Viva Gold Corp has announced a non-brokered private placement offering to raise up to CDN$2,000,000 through the issuance of 15,384,616 units. The proceeds will be used to fund a Preliminary Economic Analysis for its Tonopah Gold Project and for general working capital. The offering is subject to TSX Venture Exchange approval, and insiders may participate under certain exemptions. This move is part of Viva Gold’s strategy to advance the Tonopah project towards a Feasibility Study, marking significant progress for the company and potential value creation for its shareholders.
More about Viva Gold
Viva Gold Corp operates in the gold mining industry, focusing on the development of the Tonopah Gold Project located in Western Nevada’s Walker Lane Trend. The company has been enhancing the resource base of this project since 2018, with plans to advance to a Feasibility Study in 2025.
YTD Price Performance: -15.00%
Average Trading Volume: 81,764
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.03M
For detailed information about VAU stock, go to TipRanks’ Stock Analysis page.