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Victoria Gold gains further funds for new mine

Emerging producer Victoria Gold (TSXV: VIT) is set to gain C$30 million (US$22.4 million) through a bought deal financing as it aims for first gold later this year at its under-construction Eagle gold mine in Canada’s Yukon.

Staff reporter
The Eagle mine under construction, pictured in February

The Eagle mine under construction, pictured in February

The company said a syndicate of underwriters, led by BMO Capital Markets, had agreed to the financing at 44c per common share to raise a minimum of $30 million. A further offering of flow-through shares...

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