Bullboard - Stock Discussion Forum 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... see more

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Victoria Gold Corp > Agreements and Support Agreements

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Post by slamdunk on Jun 05, 2021 6:37pm

Agreements and Support Agreements

Orion has agreed to support Coeur with its shares remaing that is 19.8% of Victoria and use its influence with Board for Coeur needs over 50% In return Coeur will return 75% of the spread between Orion selling them 11,067.714 at 3.20 and they have over 50%....That gives Coeur control after 50% of Board agrees.This deal was done before Orion sold Coeur their Victoria shares.John OConnell stated he didn't know about this till morning of release.Their Share rights don't trigger unles acquier doesn't meet Bidders price.Everything is pointing June 23 and 50% of Board accept the bid. Orion has inagreement and Support Agreement agreed that the 75% of spread Coeur can pay with shares and its 300million share cieling c-the balance owed with cash.
John McConnel wants to max the shares -he owns 1%.Roosen is on Board to protect Osiskos past position and has announced he is resigning to pursue other interests.

With Orion committed shares that gives Coeur a 36% and they need over 50%..

So unless Coeur announces raising
its outstanding share limit
Orion gains back 75% from the 13.20 paid byCoeur for 11.067,714 .Coeurs sharescan be used if they reach their limit of 300million the balance in cash. a

The Agreement and Support Agreement is up on Couer website under SEC Filings May 10 Agreement and Support agreement alot of legaltse i read about 10 times
Victorias Shareholder Rights Plan never gave bidders price is used to get acquierer to table.

Andre -has a valid point on the possibility of Kensington sale or a partnership venture on Preciosa..Or notes backed by Eagle mine Orion Mine Finance may have some role as well as Osisko Royalty

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