GREY:VITFF - Post by User
Post by
powermanon Apr 13, 2022 9:17am
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Post# 34599713
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Tell me did we really need this financing. Could it happn again?
TORONTO, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) intends to issue 572,659 Canadian Development Expense (“CDE”) Flow-Through (“FT”) Common Shares to provide the Company with gross proceeds of C$5,000,000 (the "Offering"). The Common Shares will be offered at a price of C$8.73 per Common Share. The Company has granted an option, exercisable at the offering price until closing of the Offering, to purchase up to an additional 114,532 CDE FT Common Shares for further gross proceeds of up to C$1,000,000. The Common Shares issued will be subject to a four month hold period. The Offering is expected to close on or about February 25, 2020 and is subject to Victoria receiving all necessary regulatory approvals.