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Victoria secures funding to complete Yukon’s next gold mine

From miningweekly.com

TSX-V-listed Victoria Gold has secured the necessary funding to complete the construction of the gold mine that it is building in the Yukon Territory. The company last month reported 10% increase in the construction cost of the mine to C$487-million, leaving the company with a C$25-million shortfall.On Tuesday, Victoria announced that it had secured C$30-million of funding on a bought-deal basis, including flow-through shares. The junior will offer common shares at C$0.44 a share and the flow-through common shares at C$0.53 a share. Should no flow-through common shares be subscribed for, the underwriters will buy the ... (full story)

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