Orion sold Monday and Tuesday, TORONTO,
Nov. 3, 2021 /CNW/ - Orion Mine Finance today confirmed certain details of its shareholdings in Victoria Gold Corp. (TSX: VGCX) ("
Victoria"), following the disposition by Orion Co-VI Ltd., a corporation controlled by Orion Mine Finance Management II Limited (collectively, "
Orion"), of a total of 2,522,610 common shares of Victoria ("
Common Shares") in two private transactions for aggregate consideration of
C$45,717,019.33.
Immediately prior to the transactions, Orion held 11,452,610 Common Shares and 1,666,667 common share purchase warrants (the "Warrants") of Victoria. Prior to the transactions, on a partially diluted basis and giving effect to the blocker feature of the Warrants, Orion had a securityholding percentage of 19.99% (based on 62,594,541 common shares outstanding). Following the closing of the transactions, Orion holds 8,930,000 Common Shares and 1,666,667 Warrants. On a partially diluted basis, Orion now has a securityholding percentage of approximately 16.49%, a decrease in its securityholding percentage of approximately 3.50%.