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On January 2, RAB Capital Jersey Limited, led by Mr. Philip Richards, announced a significant investment in Viva Gold Corp. The investment totals C$200,000, comprising 1,250,000 units priced at C$0.16 each. Each unit consists of one common share and half of a non-transferable common share purchase warrant, marking a pivotal move in RAB Capital’s investment strategy.
This recent acquisition underscores RAB Capital’s strong confidence in the potential of Viva Gold, which is listed on the TSX Venture Exchange under the symbol VAU.
Mr. Richards now holds a total of 22,220,000 common shares and 5,775,000 warrants, representing approximately 12.94% of the outstanding shares on a non-diluted basis and about 16.31% on a partially diluted basis.
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Investment details
The purchased units include common shares and warrants that grant RAB Capital the option to acquire additional shares of Viva Gold at C$0.24 per share until a specified date. This strategic move signifies RAB Capital’s dedication to the growth and success of Viva Gold. The firm may consider further acquisitions or disposals of Viva Gold securities, depending on market conditions and strategic considerations.
RAB Capital’s investment strategy
As a private investment holding corporation, RAB Capital targets a diverse range of assets, particularly small companies and real estate development opportunities. The firm employs rigorous fundamental analysis to identify promising investments. This latest acquisition aligns with RAB Capital’s strategy of building a robust portfolio that reflects prevailing market trends and anticipates future growth.
About Viva Gold Corp
Viva Gold Corp, based in British Columbia, is actively involved in gold exploration and development. The company is well-positioned to take advantage of favorable conditions in the mining sector. Its registered office is located at 20th Floor, 250 Howe Street, Vancouver, BC, Canada. Viva Gold is committed to advancing its projects and enhancing shareholder value.
This announcement complies with National Instrument 62-103, which pertains to early warning reports and insider reporting obligations. A detailed early warning report will be filed on SEDAR, providing additional transparency regarding this investment and its implications for both RAB Capital and Viva Gold.
Future prospects
This substantial investment signals RAB Capital’s confidence in the growth trajectory of Viva Gold Corp. As market dynamics evolve, RAB Capital intends to remain adaptable, potentially engaging in further transactions to strengthen its position. This proactive approach may lead to increased opportunities for both companies in the future.
For further insights and updates regarding this investment and its market effects, stakeholders can contact RAB Capital directly through their office in Brentwood, United Kingdom.
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