Victoria Gold Corp VITFF

Metals & Mining Gold

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.

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Victoria Gold Corp

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Comment by TurtleNamedSamon Nov 29, 2012 12:18pm

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Post# 20660788

RE: Project financing update

Is this news or did I miss it in July?

The following is from a Callinan Royalties News Release, dated Nov. 29, 2012:

As previously announced on July 31, Callinan entered into an agreement with Gold Royalties Corporation whereby Callinan provided C$5.4 million to Gold Royalties Corporation ("GRC") via a convertible debenture. The financing was provided to facilitate in part the purchase by GRC of royalty interests on the Eagle gold project located in the Yukon Territory, Canada. At Callinan's option and at any time before or on the maturity date, Callinan has the right to convert the principal and accrued interest to 60% of the royalty interests or into share units of GRC comprised of 1 common share of GRC at $0.80 and 1 warrant priced at $1.20. The accrued interest will be converted into shares issued at market price.

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