Victoria Gold Announces $25,025,000 Bought Deal Financing

victoria gold, gold, yukon

Victoria Gold Corp. (TSX-V: VIT) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 38,500,000 common shares of the Company (the “Shares”) at a price of $0.65 per Share, for gross proceeds of approximately $25,025,000 (the “Offering”). The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to increase the size of the Offering by up to an additional 15%, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering. read more

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