"...The package includes a $35m loan facility from Nebari Natural Resources Credit Fund II and a $20m bought-deal equity offering. The loan facility, bearing interest at SOFR (secured overnight financing rate) plus 8% over 42 months, is contingent on definitive documentation and due diligence.
Led by Raymond James, the equity offering involves nearly 29 million units priced at C$0.69 each, with each unit comprising a common share and a purchase warrant.
The offering’s proceeds will advance the Madsen Mine restart plan, alongside working capital and corporate purposes...."
https://www.mining-technology.com/news/west-red-financing-restart/
Well maybe in five years Victoria Gold may have some form of a revival?
With gold prices hitting all-time highs obviously the Yukon government needs to get this resolved within 6 months and hopefully not 6 years if ever for frozen Victoria Gold stock investors!