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 > Victoria Gold Adopts Shareholder Rights Plan

<< Previous

Bullboard Posts

Next >>

Comment by pg1961on May 19, 2021 8:12am

197 Views

Post# 33228556

RE:RE:RE:RE:Victoria Gold Adopts Shareholder Rights Plan

Greatdaysahead wrote:
A real issue if you do not have the cash as you will be diluted. I guess one option is to sell 50% of your position to buy twice the number of shares sold. You will end up with 150% your itinial position versus 200% if you have the cash.

But such poison pills are usually in place to "prevent" an hostile takevoer, to discourage... More than to fight it after the bidder reaches the 20% limit.

And the message is clear for everyone now : 2021 is going to be a busy year !

Just wondering, if I sell half my shares to get the cash to take advantage of the Rights Plan, can I purchase the equavalent number of shares before I sell or the same number of shares I have after the sale.

If it is the latter I will end up with the same number of shares with some cash left over. You be better off selling 33% of your holdings and then you can buy 66% of your original holdings leaving you with 133% of your original holdings.

Another question, where does the company get the shares to sell back to us shareholders?

<< Previous

Bullboard Posts

Next >>

TELUS adds 347K customers in Q3