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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.


GREY:VITFF - Post by User

Victoria Gold Corp > Corrupt
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Comment by givemeabreak1on Aug 17, 2024 2:14am
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Post# 36183906

RE:RE:RE:Corrupt

RE:RE:RE:CorruptBadger
I did not want to get complicated but I guess it is a must!  So when you post a bond the bond money is tied up so any monies needed immediately is fronted by someone against the bond!  So typically what you have in any CCAA or Bankruptsy procedure is what is called DIP financing ie debtor in possession financing.  Any financing done after a receiver is appointed under DIP becomes number 1 ie before any payment to secured creditors etc so drawn against assets including the bond. Needless to say in this case the front financing is pretty much 100% secured...... 

You guys keep spouting nonsense there will be no cost to tax payers until all monies available from Victoria gold and the bond are expended!  This is not rocket science!
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