Victoria Gold Corp T.VGCX

VGCX Raises $10.5 Million CAD via Flow-Through Shares

[HoneyBadger77]

March 28, 2024 VG raised $10.5 million CAD by issuing 1,176,500 at $8.50 CAD to 11 unique purchasers in Ontario, Quebec, BC, and Manitoba.

Now they can either fix their crusher, pay down some debt, or buy back $10.5 million worth of shares that will be worth a lot more in a few months.  Hmmm...which will it be...Lol.

Search (sedarplus.ca)

You see Tripple D and drunk@noon, facts with a link...you otta try it some time and maybe other posters will start taking you more seriously.

HB77

[Research67]

I'm guessing they did this so they didn't have to finance exploration this year and could concentrate on debt repayment. $8.50 seems cheep, I'm guessing a boat load was sold last week, or is there a holding period?? https://www.pdac.ca/programs-and-advocacy/access-to-capital/flow-through-shares

[HoneyBadger77]

Whoever, recreated that SEDAR website needs to go back to computer programming school.  What a process just to get a usable link for posting. OK, copy and paste this URL link into your browser to bring up the official SEADR filed document with all the fine details. https://www.sedarplus.ca/csa-party/records/document.html?id=01bda5e58d603c2b934944a4711e96efb324251467a57b50fb44cfcd2fc4d074

[MVargas]

HB77: Now they can either fix their crusher, pay down some debt, or buy back $10.5 million worth of shares that will be worth a lot more in a few months.  Hmmm...which will it be...Lol. None of the above.  Flow through shares can only be used for exploration - presumably at Raven since no resource update seems to be coming anytime soon.

[Research67]

Odd that on Feb 21, while responding to a question about the possibility of an equity raise, JM said "I don't expect that (equity raise) to even come up at a board meeting" (during 2024), during the 2023 financials zoom meeting (time stamp 28:08). What changed in a month?, besides POG skyrocketing along with projected earnings.  no sense guessing, expecting several NR this

[DonaldDDukc]

why do they want to sell shares To push down debt??I dont know if they are allowed to pay debt early. Does anyone know anything?