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 > 2023 VGCX Revised Production Guidance - Misguided?

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Comment by HoneyBadger77on Oct 14, 2023 8:39pm

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Post# 35684056

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:2023 VGCX Revised Production Guidance - Misguided?

Naked shorting is an issue alright but from what I can tell, there are at least some IIROC rules that lenders of short shares need to follow. If the info in this link doesn't make your eyes glaze over then you're a better man than I....Lol. Joint CSA/IIROC Staff Notice 23-329 – Short Selling in Canada | IIROC

ii. Short selling and pre-borrow requirements

"As noted earlier, IIROC published guidance on August 17, 2022 clarifying that Participants, before entering a short sale order, must have a reasonable expectation that they have or will have sufficient securities to allow the Participant to settle any resulting trade on the settlement date for that trade.30 In this notice, IIROC provides examples where a Participant would not be able to demonstrate a reasonable expectation that sufficient shares would be available on settlement date and the entry of the order would be prohibited."

So further to my earlier suggestion that VGCX borrow the 450,000 Available Short shares and pay the interest to take these shares out of play, the success of this would of course depend that no other shares become available to borrow for shorting which is unlikely but it would sure be worth finding out.

HB77

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