On Thursday morning, we announced that its the president purchased 100,000 shares of Viva Gold (TSXV: VAU) on Wednesday at $0.085 per share.
On Thursday, Viva Gold (TSXV: VAU) bounced by 5.88% to $0.09 per share on volume of 831,843 shares or 3.23x above its average daily volume!
Viva’s CEO James Hesketh is the executive who did the early work at the Reward Gold Project in the Beatty Gold District of Nevada over a decade prior to Augusta Gold (TSX: G) acquiring control of the property. He is the one who actually completed the permitting process for the Reward Gold Mine, which is why AngloGold Ashanti (AU) desperately needed to acquire NIA’s Augusta Gold (TSX: G) at a massive premium!
From 2019 through 2025, VAU conducted seven private placements raising a total of $10,619,213 at prices ranging from $0.12 per share up to $0.30 per share with an average share issuance price of $0.17 per share or double the price where the President purchased a small initial stake on Wednesday:
| Date / Period (Final Close) | Amount Raised (CAD) | Shares/Units Issued | Price per Unit (CAD) |
|---|---|---|---|
| Aug 6, 2019 | $1,018,650 | 3,395,502 | $0.30 |
| Dec 2019–Feb 2020 | $705,235 | 2,938,480 | $0.24 |
| May–Jun 2021 | $4,000,000 | 19,047,619 | $0.21 |
| Dec 21, 2023 | $1,399,567 | 11,663,061 | $0.12 |
| Jul 9, 2024 | $667,750 | 4,451,667 | $0.15 |
| Post–Jul 31, 2024 | $1,193,004 | 7,953,359 | $0.15 |
| Apr 3, 2025 | $1,635,007 | 12,576,974 | $0.13 |