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Viva Gold Targets CDN$4 Million for Tonopah Project
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Viva Gold Targets CDN$4 Million for Tonopah Project

Viva Gold (TSE:VAU) has released an update.

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Viva Gold Corp. has launched a non-brokered private placement to raise up to CDN$4 million, offering over 26 million units at CDN$0.15 each, with plans to advance their Tonopah Gold Project in Nevada. The funds will be used for drilling, environmental studies, and progressing the project to a Pre-Feasibility Study level. Investors can participate in the offering under certain prospectus exemption rules, with the project aiming to declare an updated mineral resource by later this year.

For further insights into TSE:VAU stock, check out TipRanks’ Stock Analysis page.

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