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 > $7 mill Santa Fe property sold to Lahontan.

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Post by phoenix_traderon Feb 01, 2021 11:39am

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Post# 32436646

$7 mill Santa Fe property sold to Lahontan.

McConnell is a Director of Lahontan.

Lahontan plans an IPO.

1246765 B.C. Ltd. Announces Business Combination to Form Lahontan Gold Corp. (ceo.ca)

LAHONTAN GOLD CORP - LAHONTAN GOLD CORP

Financing Matters

LGC intends to complete a non-brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $0.50 per Subscription Receipt for aggregate gross proceeds of at least CAD$10,000,000 and up to $15,000,000 (the "Private Placement"). In connection with the Private Placement, LGC intends to engage certain arm's length finders' to assist with the Private Placement. Those finders would be entitled to a cash commission equal to six percent (6%) of the gross proceeds raised as a result of the finder's efforts; and (ii) finders warrants ("Finders Warrants") equal in number to six percent (6%) of the subscription receipts issued to those Purchasers that were introduced to LGC by the finder (with each Finders Warrant entitling the finder to acquire one common share of LGC at a price of $0.50 for a period of 24 months from the closing of the Private Placement). Immediately prior to the completion of the Amalgamation, each Subscription Receipt is expected to convert into one LGC Share and one half of one LGG Share purchase warrant, and such LGC Shares and warrants will subsequently be exchanged pursuant to the Amalgamation for Resulting Issuer Shares and Resulting Issuer Share purchase warrants. Similarly, pursuant to the Amalgamation, each Finders Warrant would be subsequently exchanged for Resulting Issuer Share purchase warrants.