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 > Victoria Gold: Acquires Yukon Properties

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Comment by Greatdaysaheadon Sep 15, 2023 10:21am

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Post# 35638130

RE:RE:RE:Victoria Gold: Acquires Yukon Properties

as per:

SABRE GOLD SELLS BREWERY CREEK PROJECT FOR $13.5 MILLION – Sabre Gold Mines Corp.

The aggregate consideration payable to Sabre for the sale is $13.5 million. A total of $8.5 million was paid to Sabre in cash on closing. The balance of the consideration is payable as follows:

$0.5 million in cash and an additional $2.5 million in cash or Victoria Shares at Victoria’s election, payable on the 12-month anniversary of the closing date; and

$0.5 million in cash and an additional $1.5 million in cash or Victoria Shares at Victoria’s election, payable on the 24-month anniversary of the closing date.

as per VGCX:

Victoria Gold Corp. | Victoria Gold: Acquires Yukon Properties Brewery Creek: 1.1M ozs of M&I and 1.0M ozs of Inferred Gold Resources (vgcx.com)

Victoria will pay aggregate consideration of $13.5 million for Golden Predator, payable as follows:

(i) initial consideration of $1.5 million in cash and an additional $7.0 million in cash or Victoria shares at Victoria’s election (“elective portion”), payable on closing;

(ii) $0.5 million in cash and an additional $2.5 million in cash or Victoria Shares at Victoria’s election, payable on the 12-month anniversary of the closing date; and

(iii) $0.5 million in cash and an additional $1.5 million in cash or Victoria Shares at Victoria’s election, payable on the 24-month anniversary of the closing date.

Victoria has satisfied the elective portion of the initial consideration in cash from its treasury.

All required approvals for the Transaction have been obtained and the Transaction closed on September 14, 2023.