Victoria Gold Corp VITFF

Marketed block off the table.

[phoenix_trader]

Coeur Mining to acquire ~18% interest in Canada's Victoria Gold

May 10, 2021 9:45 AM ETCoeur Mining, Inc. (CDE)By: Shweta Agarwal, SA News Editor

• Coeur Mining (CDE +3.7%) agrees to buy about 17.8% stakes in Victoria Gold (OTCPK:VITFF +0.5%) from Orion Co-VI at a total consideration of ~$117.2M.
• Under the agreement, Coeur will issue its 12,785,485 common shares to Orion at a price of $9.17, reflecting a trailing 30-day volume weighted price, and subject to restrictions for sale.
• The transaction will result in Coeur acquiring 11,067,714 Victoria Gold's shares at C$13.20 each.

[phoenix_trader]

Coeur PR - Orion exchanging VGCX for Coeur shares. Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) announced today that it has entered into an agreement to acquire 11,067,714 (approximately 17.8%) of the outstanding undiluted common shares of Victoria Gold Corp. (“Victoria”) (TSX: VGCX) from Orion Co-VI Ltd. (“Orion”), at price of C$13.20 per share which reflects a 5% discount to the

[OCB1234]

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[bajanjohn]

This just means Coeur could do the same thing as Orion.

[Greatdaysahead]

It says that Orion will have to agree to any transactions "that would result in the acquisition by Coeur of more than 50% of the common shares of Victoria". Orion will have to vote yes if Victoria Board is ok with the transaction...    

[powerman]

Makes me wonder what Cours will offer shareholders for the rest of Victoria golds shares. Assuming they are looking at getting the cash to buy out Orion. Probably looking for enough cash to take out all the oustanding shares and cover the loans. We've got a hot potatoe here. John and co better hustle up somemore reserves if they want to get full value for the property. Orion has pretty much

[Whateverrr]

Orion selling more was COMPLETELY 100% predictable.  (but not to holders of the stock from 2007 who are blind cheerleaders)