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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.


GREY:VITFF - Post by User

Victoria Gold Corp
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Post by momyoon Jan 30, 2013 2:53am
372 Views
Post# 20909616

dilution?

dilution?

Hey Silvercat you talk about dilution.  What is VIT going to do, raise $200 million by issuing a billion shares at 20 cents a piece?  Who would be willing to buy those shares given that it would probably drop the SP to 10 cents or lower? 

Clearly, VIT couldn't significantly dilute even if it wanted to.  Maybe after it gets the permits and secures some loans, and the SP climb to $1+, it can go to the markets for money.  By then, of course, doing so would be a lot less dilutive.  But talk of dilution at the point we're at now just isn't logical.  Kind of a bad news / good news situation.  While I wish the SP were higher, I'm glad management is forced to find other ways to finance. 

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