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Bullboard - Stock Discussion Forum Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

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... see more

TSX:VGCX - Post Discussion

Victoria Gold Corp > AGREEMENT AND SUPPORT AGREEMENT Where & When to Look
View:
Post by slamdunk on Sep 29, 2021 1:58pm

AGREEMENT AND SUPPORT AGREEMENT Where & When to Look

Agreement and Support Agreemwnt Filed SEC  May 10

Go to Coeur website click on investors and click on filings.
There is about 32 pages.
You would think OCD would check this rather than use "if this is true".
Although OCD likes winging it at Coeur.with many false statements 

As i read it Coeur pays 75% of spread on acquisition of over 50% of shares and 50% Board Approval.The spread is between the 13.20 paid for Orion for 11.067,714 shares and offering price from Coeur.This is to be paid inCoeur shares up to its 300million outstanding cap now 256million.
The balance in cash.
Comment by kegman on Sep 29, 2021 2:06pm
Okay but my question is.....what does it matter if a 3rd party comes in at $22 offer for VGCX.  Does Cour owe Orion anything?  If they published huge results from Eagle Deep or Raven the price would go up for us meager shareholders.  I am not interested in Orion or Cour.  I want the SP higher so I can selll at a profit.  That is why we are all here correct?  Sell ...more  
Comment by slamdunk on Sep 29, 2021 2:13pm
No only if it acquires Victoria with over 50% of stock and approval of 50% of Board
Comment by Swingandmiss on Sep 29, 2021 2:16pm
I think the original plan was Coeur to buy VG with a mix of cash/shares, but the plan was drastically changed with the steep drop in SP of Coeur. I think at this point, they are happy to ride the SP in VG higher and make 100mil cash.  VG and Coeur are now aligned, with Orion being odd man out.  Just my thoughts...
Comment by MVargas on Sep 29, 2021 11:45pm
Probably not as a close reading of the 8-K Filing only specifies that Coeur pays Orion 75% of the spread if Coeur makes a BOD- approved offer for Victoria. If Coeur has no intention (or ability) to make a takeover offer, then Coeur and Orion might as well terminate their agreement which would free them both up to pursue the marketing of their shares to other interested bidders.  I don't ...more  
Comment by OCB1234 on Sep 30, 2021 6:02am
This post has been removed in accordance with Community Policy
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