Published: April 28, 2021 |

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Golden Predator Mining and Viva Gold have entered into a definitive arrangement agreement where Golden Predator will acquire all of the outstanding securities of Viva Gold by way of a plan of arrangement under the Business Corporations Act (British Columbia).

The proposed arrangement brings together proven mine building expertise, jurisdictional diversification, and two advanced stage gold development projects as the two company’s merge their Nevada and Yukon assets and management to position the company as an emerging junior gold producer.

On closing of the arrangement, the directors of Golden Predator will consist of: William Sheriff (executive chair); James Hesketh (chief executive officer); two nominees selected by Viva Gold; and three nominees selected by Golden Predator. The management of Golden Predator will consist of James Hesketh, president and chief executive officer and Mike Maslowski, chief operating officer.

Janet Lee-Sheriff, current Golden Predator chief executive officer will participate in a seamless transition. Ms. Lee-Sheriff remains committed to working with the company to uphold corporate values and objectives surrounding progressive indigenous relations and innovative community engagement, in particular with the Tr’ondëk Hwëch’in, First Nation of Na-cho Nyak Dun and Kaska Nation.

“The Golden Predator board of directors looks forward to working with James Hesketh and the Viva team. Hesketh is deeply familiar with Brewery Creek and its potential for economic production. We strongly believe our shareholders and the communities we operate in will benefit from jurisdictional diversification and the addition of proven mine building expertise at this pivotal time,” said William Sheriff. executive chairman of Golden Predator.

“This transaction brings together all of the key ingredients required to build a premier junior gold producer. Two advanced stage gold development projects ready for permitting and development, exploration upside, excellent mining jurisdictions, strong management skill sets, a solid balance sheet, and strong market liquidity” said James Hesketh, president and CEO of Viva Gold.

Transaction Benefits:

• Increased size and risk mitigation through consolidated ownership of the advanced stage Tonopah Gold Project in Nevada and the formerly operating Brewery Creek Gold Mine in the Yukon

• A focus on low-cost, open-pit, heap-leach technology

• Combined 1.8 million ounces of measured and indicated heap leachable gold resources, with an additional 0.8 million ounces of inferred gold resource and strong exploration upside on both lead projects

• A pipeline of advanced exploration projects, including the high-grade Marg polymetallic Copper-Gold deposit and a number of gold exploration properties with demonstrated gold mineralization and excellent potential

• Significantly strengthened management and leadership team with balanced and complimentary skill sets

• Proven mine building capacity and in-house technical expertise to advance projects

• Diversification of operating jurisdictions

• Enhanced balance sheet and liquidity with over $6.3 million in net cash and marketable securities

• Cost reduction synergies gained through consolidation and reduced overhead

• A committed focus on environmental stewardship and a progressive approach towards First Nation relations and community engagement; and a strong combined shareholder base of institutional and retail shareholders with limited ownership overlap

About Golden Predator Mining
Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. The Brewery Creek Mine project has established resources grading over 1.0 g/t Gold and a study currently underway by Kappes Cassiday to consider the feasibility of reprocessing the existing heap leach material. Drilling continues to expand the open-ended mineralized areas and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon. The company has a socio-economic accord with the Tr’ondëk Hwëch’in First Nation.

To stop by Golden Predator’s website, CLICK HERE

About Viva Gold
Viva Gold is a gold exploration and project development company with a focus on Nevada. Viva Gold holds 100 percent of the advanced Tonopah Gold Project, a large land position of approximately 8,800 acres with demonstrated high-grade measured, indicated and inferred gold resources, located on the prolific Walker Lane gold trend in Nevada, about 30 kilometers south-east of the Round Mountain mine of Kinross Gold and 20 kilometers north from the Town of Tonopah. Viva’s management team has extensive experience in mining exploration, development and production and is supported by a Board of Directors and advisors who are proven mine finders, deal makers and financiers.

To stop by Viva Gold’s website, CLICK HERE

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