Viva Gold Announces Stock Option Grant

Rhea-AI Summary

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.

Positive

• Granting 650,000 stock options may align management interests with shareholder value.
• The Tonopah Gold Project has demonstrated high-grade gold resources.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 30, 2021 / Viva Gold Corp. (TSX-Venture:VAU) (the "Company" or "Viva") announces that it has granted, pursuant to its stock option plan, a total of 650,000 incentive stock options to directors, officers and consultants. The incentive stock options have an exercise price of CDN $0.17 per share and are valid for a three-year period from the date of grant. The Board of Directors of Viva are typically compensated by way of incentive stock options.

About Viva Gold

Viva Gold is a gold exploration and project development company with a focus on Nevada. Viva Gold holds 100% of the advanced Tonopah Gold Project, a large land position of approximately 8,800 acres with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific Walker Lane gold trend in Nevada, about 30 kilometers south-east of the Round Mountain mine of Kinross Gold and 20 kilometers north from the Town of Tonopah. Viva's management team has extensive experience in mining exploration, development and production and is supported by a Board of Directors and advisors who are proven mine finders, deal makers and financiers. Viva Gold trades on the TSX-V as "VAU", on the OTCQB in the US as "VAUCF" and on the Frankfurt exchange under "7PB". For additional information on Viva Gold and the Tonopah Gold Project, please visit our website: www.vivagoldcorp.com.

For further information please contact:
James Hesketh
President & CEO
720-291-1775
jhesketh@vivagoldcorp.com

or

Valerie Kimball
Corporate Secretary & Director, Investor Relations
720-933-1150
vkimball@vivagoldcorp.com

SOURCE: Viva Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/653756/Viva-Gold-Announces-Stock-Option-Grant

FAQ

What stock options did Viva Gold Corp. grant?

Viva Gold Corp. granted 650,000 incentive stock options to directors, officers, and consultants.

What is the exercise price of the stock options for VAUCF?

The exercise price of the stock options is CDN $0.17 per share.

What is the duration of the stock options granted by Viva Gold?

The stock options are valid for a three-year period from the date of grant.

Where is the Tonopah Gold Project located?

The Tonopah Gold Project is located in Nevada, approximately 30 kilometers southeast of the Round Mountain mine.

What is the focus of Viva Gold Corp.?

Viva Gold Corp. focuses on gold exploration and project development.