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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.

Victoria Gold gains further funds for new mine Victoria Gold gains further funds for new mine Victoria Gold gains further funds for new mine Victoria Gold gains further funds for new mine Victoria Gold gains further funds for new mine

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.