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| Home : Victoria Gold Closes $28.8 Million Financing |
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Aug 25
2010 |
Victoria Gold Closes $28.8 Million Financing |
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TORONTO, ONTARIO--(Marketwire - Aug. 24, 2010) - Victoria Gold Corp. (TSX VENTURE:VIT) ("Victoria" or the "Company") announces that the equity financing ("Offering") announced on July 29, 2010 has closed, providing gross proceeds of $28,778,750 to the Company. Victoria plans to use the net proceeds from the Offering for project development -- notably the advancement of a decline and level development into the Helen Zone at the Cove Gold Project in Nevada (upon receipt of permits), exploration at the Company's Nevada and Yukon gold projects, and for general corporate purposes. GMP Securities L.P., acted as lead underwriter in connection with the offering for a syndicate of underwriters that includes Cormark Securities Inc., Wellington West Capital Markets Inc., NCP Northland Capital Partners Inc., Paradigm Capital Inc., Raymond James Ltd., RBC Dominion Securities Inc., and Scotia Capital Inc. |
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| Source:http://www.marketwire.com/mw/release.do?id=1308892&sourceType=3 |
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