RAB Capital announces investment in Viva Gold Corp.

Brentwood, UK – (Newsfile Corp. – June 29, 2021) – RAB Capital Holdings Limited (“RAB Capital“), a private investment holding company controlled by Mr. Philip Richards, reports that on June 28, 2020, it purchased 6,100,000 shares of Viva Gold Corp. (TSXV: VAU) (“Viva Gold“) as part of a private placement, at a price of $ 0.17 per unit for a total consideration of $ 1,037,000. Each unit consists of one common share and one share purchase warrant Each entire warrant entitles its holder to acquire one common share at an exercise price of $ 0.25 per share for a period of three years.

Mr. Richards now beneficially owns and controls, directly and indirectly, 11,100,000 Viva Gold shares and 8,600,000 Viva Gold warrants (representing approximately 19.95% of the outstanding shares on an undiluted basis and approximately 30.67% % on a partially diluted basis). Prior to this investment acquisition transaction, RAB Capital and Mr. Richards beneficially owned or controlled 5,000,000 Viva Gold common shares and 2,500,000 Viva Gold share purchase warrants.

The exercise of the Warrants is subject to the condition that, until Mr. Richards becomes a “controlling person” (within the meaning of the policies of the TSX Venture Exchange) of Viva Gold has not been approved by the disinterested shareholders of Viva Gold, neither Mr. Richards nor RAB Capital will result in the exercise of part of their Viva Gold warrants if, following such exercise, their combined holdings of securities with right Viva Gold’s outstanding votes, direct and indirect, exceeded 19.99% of outstanding securities. Viva Gold voting shares.

The Viva Gold units were acquired by RAB Capital for investment purposes. Mr. Richards and RAB Capital have a long-term view of investing and may acquire additional securities of Viva Gold, including on the open market or through private acquisitions, or sell securities of Viva Gold, including including on the open market or through private divestitures, in the future depending on market conditions, reformulation of plans and / or other relevant factors.

RAB Capital is a private company that invests in a wide range of assets on the basis of fundamental analysis. RAB Capital is currently targeting investments in small businesses, listed and private, and real estate development opportunities.

Viva Gold is a British Columbia company with its head office at 20e Floor, 250 Howe Street, Vancouver, BC, Canada V6C 3R8. A copy of the early warning report regarding the foregoing will appear on Viva Gold’s profile on SEDAR at www.sedar.com and can also be obtained by contacting his office on + 44 (0) 20 7389 7000 (PO Box 12996, Brentwood, UK CM14 9TB).

RAB Capital Holdings Limited

Andrew Knatchbull

Andrew Knatchbull
Finance director
T: 02073897161
E: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89027

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