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Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Metals & Mining Gold
Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato Hills, Eagle West, Falcon, as well as other targets. The Dublin Gulch Project is situated in central Yukon, Canada, approximately 375 kilometers north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers, is accessible by road year-round and is powered by the Yukon energy grid. The Eagle and Olive deposits include probable reserves of approximately 3.3 million ounces of gold from 155 million tons of ore with a grade of 0.65 grams of gold per ton. It also holds Brewery Creek property, as well as the Gold Dome and Grew Creek exploration properties.


TSX:VGCX - Post by User

Victoria Gold Corp > $7 mill Santa Fe property sold to Lahontan.
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Comment by phoenix_traderon Feb 01, 2021 6:00pm
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Post# 32440957

RE:RE:RE:$7 mill Santa Fe property sold to Lahontan.

RE:RE:RE:$7 mill Santa Fe property sold to Lahontan. Lahontan is merging with a BC company (765) which is filing an IPO and will be listed in Canada. 1246765 B.C. Ltd has filed on SEDAR since July, 2020. Either the BCSC or the OSC will scrutinize the filing statetment and the IPO prospectus.  

Today's PR states McConnell will be the sole VGCX Director and does not say what VGCX's shareholding will be in the new Lahontan. One would think McConnell's bio would be the same as in the VGCX current info circulars but no it is about 6 -8 years old.  My question is why since it is clear the lawyers and underwriters vet everything. Get it right is what investors want to see especially when $10 million is the proposed IPO amount.

$7 million was the carrying value of the Santa Fe property, see Note 7 of the Sept. 2020 F/S.

Today's PR is here:

1246765 B.C. Ltd. Announces Business Combination to Form Lahontan Gold Corp., by @newsfile (ceo.ca)

 

 
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