Golden Predator Mining Corp. and Viva Gold Corp. Enter Into Business Combination Agreement
VANCOUVER, British Columbia, March 03, 2021 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) ("Golden Predator") and Viva Gold Corp. (TSX.V: VAU; OTCQB: VAUCF) ("Viva Gold") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") whereby Golden Predator will acquire all of the outstanding securities of Viva Gold by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) (the Transaction).
- VANCOUVER, British Columbia, March 03, 2021 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) ("Golden Predator") and Viva Gold Corp. (TSX.V: VAU; OTCQB: VAUCF) ("Viva Gold") are pleased to announce that they have entered into a definitive arrangement agreement (the "Agreement") whereby Golden Predator will acquire all of the outstanding securities of Viva Gold by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) (the Transaction).
- Pursuant to the Arrangement, the shareholders of Viva will receive 1.60 Class A common shares of Golden Predator (a Golden Predator Share) for each common share of Viva Gold (a "Viva Gold Share") held by them at the effective time of the Arrangement (the Exchange Ratio).
- Upon the closing of the Transaction, former shareholders of Viva Gold will hold approximately 27% of the outstanding shares of Golden Predator.
- Upon completion of the Transaction, Viva Gold will apply to delist the Viva Gold Shares from the TSXV.