Victoria Gold Corp VITFF

You asked

[powerman]

Tell me did we really need this financing. Could it happn again?

TORONTO, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) intends to issue 572,659 Canadian Development Expense (“CDE”) Flow-Through (“FT”) Common Shares to provide the Company with gross proceeds of C$5,000,000 (the "Offering"). The Common Shares will be offered at a price of C$8.73 per Common Share. The Company has granted an option, exercisable at the offering price until closing of the Offering, to purchase up to an additional 114,532 CDE FT Common Shares for further gross proceeds of up to C$1,000,000. The Common Shares issued will be subject to a four month hold period. The Offering is expected to close on or about February 25, 2020 and is subject to Victoria receiving all necessary regulatory approvals.

[MVargas]

No, I don't think we did need this financing.  It was a gift to the participants, but otherwise they won't write reports recommending that their clients buy the stock. We've already had an announced flowthrough financing for $20 million to cover this year's drilling so I can't imagine another financing this year. It appears that a large shareholder is divesting or

[Whvcgold]

MV, how many shares they held before?

[OCB1234]

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[kegman]

It would be just the brokerage that works for that shareholder.  Van Eck?  Nice to see retail snap them up.  

[OCB1234]

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[MVargas]

Not Van Eck because they haven't sold any shares in April. The March presentation shows them with 5,783k shares, but current holdings are 5,305k shares. Merrill Lynch the largest seller again today.