VIVA GOLD CORP ORD - VAUCF STOCK NEWS

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.

Golden Predator Mining Corp. and Viva Gold Corp. have entered into a definitive agreement for Golden Predator to acquire all outstanding securities of Viva Gold through a plan of arrangement. Shareholders of Viva Gold will receive 1.60 Golden Predator common shares per share held, representing a premium of approximately 35%. The combined company aims to enhance its position as an emerging junior gold producer, consolidating advanced stage gold projects and improving risk mitigation. The transaction is subject to shareholder approval and is expected to complete around May 3, 2021.

Viva Gold Corp. announces final assay results from its 11-hole reverse circulation drill program and the start of core drilling at the Tonopah Gold Project in Nevada. The program confirmed high-grade mineralization and extends potential resources. Core drilling aims to support feasibility studies and permitting. Key findings include significant mineralization intercepts of up to 36.1 meters at 0.75 g/t gold. Technical studies on hydrology and geotechnical aspects are underway, with a commitment to advancing the project towards gold production.