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Viva Gold ( (TSE:VAU) ) has shared an announcement.
RAB Capital Jersey Limited, controlled by investor Philip Richards, has increased its stake in Viva Gold Corp. through a private placement, purchasing 1,250,000 units at C$0.16 per unit for a total of C$200,000, each unit comprising one common share and a half warrant exercisable at C$0.24 until late 2028. Following this transaction, Richards now beneficially owns or controls 22.22 million common shares and 5.78 million warrants, representing about 12.94% of Viva Gold’s outstanding shares on a non-diluted basis and approximately 16.31% on a partially diluted basis, underscoring continued institutional backing for the junior gold company and potentially strengthening its capital position and market visibility.
More about Viva Gold
Viva Gold Corp., listed on the TSX Venture Exchange under the symbol VAU, is a British Columbia-based company focused on gold exploration and development, with its registered office in Vancouver, Canada. The company attracts investment from specialized institutional investors such as RAB Capital Jersey Limited, which targets small-cap and early-stage opportunities across listed and private companies as well as real estate development.
Average Trading Volume: 181,049
Technical Sentiment Signal: Buy
Current Market Cap: C$27.65M
See more data about VAU stock on TipRanks’ Stock Analysis page.