Anyone Know the $$$ connected to the ongoing Class Action ?I have not followed this case......is the settlement going to be in the $500,000 ranges or in the millions ? Certification and Proposed Settlement
There is now a proposed settlement of this class proceeding, and the action has been certified for settlement purposes.
A copy of the Settlement Agreement is available here.
More information about the certification and proposed settlement of this action, is available here.
The proposed plan to allocate and distribute the settlement amount (should it be approved by the Court), is available here.
To opt out (exclude yourself) from this certified class action, please fill out the following form here, and email the completed form to victoriagold@knd.law or fax it to (416) 352-7638. Completed Opt-Out Forms must be received on or before November 8, 2022 at 11:59 p.m. PT to be valid.
If you want to stay in the class action, but object to the proposed settlement, class counsel fees, the representative plaintiff’s honorarium or any other relief, a copy of the objection form is available here. Completed Objection Forms must be received on or before November 3, 2022 at 11:59 p.m. PT to be considered.
If you have any additional questions about the certification and proposed settlement of this class action, please email your questions to victoriagold@knd.law or fax them to (416) 352-7638.
Summary
This is a securities class proceeding against Victoria Gold Corp. (TSX: VGCX, OTC PINK: VITFF) and certain of its directors and officers, as well as its majority shareholder and the underwriters who acted in connection with Victoria Gold’s secondary offering of common shares conducted in September of 2020. The investors’ claims arise out of alleged misrepresentations in Victoria Gold’s disclosure documents regarding mine operations, volume of production and costs of production of gold at Victoria Gold’s main operating asset, the Eagle Gold Mine.
Class Membership Criteria
This class action is brought on behalf of:
- All persons and entities, wherever they may reside or may be domiciled, who purchased or otherwise acquired securities of Victoria Gold Corp. during the period from July 1, 2020 through to and including November 12, 2020 and held some or all of those securities as of November 13, 2020, except certain excluded persons.