KAMINAK GOLD CORPORATION V.KAM

Electrum says KAM worked, lets try VIT, so should you!

[phoenix_trader]

ELECTRUM STRATEGIC OPPORTUNITIES FUND LP ACQUIRES 12,195,122 UNITS OF KAMINAK GOLD CORPORATION Pursuant to a private placement of Kaminak Gold Corp., which closed on Oct. 30, 2015, Electrum Strategic Opportunities Fund LP subscribed for 12,195,122 units of Kaminak at a subscription price of $10-million. Each unit is composed of one Class A common share in the capital of Kaminak and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to purchase one common share at a price of $1.05 until the second anniversary of the date of its issuance (subject to acceleration as set forth in the certificate representing the warrants)........................................................VICTORIA GOLD ANNOUNCES C$24 MILLION INVESTMENT BY ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P. AND SUN VALLEY GOLD LLC Victoria Gold Corp. intends to issue 80 million units in a non-brokered private placement to Electrum Strategic Opportunities Fund LP and an existing, significant shareholder, Sun Valley Gold LLC. The units will be issued at a price of 30 cents per unit for gross proceeds of $24-million. Electrum has agreed to subscribe for 60 million units, while Sun Valley has agreed to subscribe for 20 million units. Upon closing of the private placement, Electrum is expected to own approximately 13.6 per cent of the issued and outstanding shares of the company, while Sun Valley's ownership of the outstanding common shares of the company will increase to approximately 18.0 per cent.

[blobboy]

good point PT., I for one can`t figure out why VIT is lagging compared to KAM...perhaps it is merely a case of TSO. Joe retailer is always the last to know what is being discussed in the war rooms, perhaps a major consolidation of the up and coming Yukon plays is in the cards. In which case neither KAM or VIT will be around a year for now, and both will likely see hefty premiums paid to their