On July 9, 2024, Viva Gold Corp., closed the transaction. The company issued an aggregate of 4,451,667 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 667,750. Each unit consists of one common share in the capital of the Company and one-half of one transferable common share purchase warrant.

Each whole Warrant is exercisable to acquire one Share at an exercise price of CAD 0.22 per share until July 15, 2027, which is 36 months from the date of issuance. Insiders of the company acquired an aggregate of 1,725,000 Units in the Offering, which participation constituted a "related party transaction". As a part of the transaction, the company will pay aggregate finder?s fees of CAD 6,510 and 43,400 share purchase warrants.

The offering remains subject to final approval of the TSX Venture Exchange. The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.