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 > New Press Release - Victoria Gold: Notice of Expiry of Offer for ATAC Resources

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Comment by MVargason Feb 13, 2023 6:25pm

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Post# 35284068

RE:RE:RE:RE:New Press Release - Victoria Gold: Notice of Expiry of Offer for ATAC Resources

I don't think you have to disclose unless the offer is accepted. Today SBB and B2Gold disclosed that they had entered into an agreement for B2Gold to acquire SBB. Victoria is now making their offer public because it was rejected by ATAC Board and they are hoping that SBB shareholders will rebel.

I suspect that this was the reason for the huge BYN volume and price decline today.

M&A is heating up and we are vulnerable to a hostile takeover bid.

B2Gold is offering $1.1 billion in shares for SBB for a project that is forecast to produce 233,000 oz/yr over 15 years. But production is not until 2025 and $600 million in additional capital is required to complete construction.

Meanwhile Victoria is aiming to be producing at a similar rate by 2025 and we have a market cap of just over $600 million - what SBB needs just to complete construction.

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