Is Victoria Gold Corp. The next Yukon Take over target?

gold pan with golden nuggets

Article by: Micah Hoeschele

 

With the price of gold on the rise this year and a new Gold Bull Market established one of the issues on every gold junior speculators mind is take overs. With Kaminak (KAM.V) having been taken over by GoldCorp (T.G) earlier this spring, the Yukon was once again put on the radar of investors and mining companies. The Yukon is a stable jurisdiction with some very attractive gold mining projects. One of the most attractive is Victoria Gold’s (VIT.V) Eagle Gold project at Dublin Gulch. The project is close to the village of Mayo in the heart of the Yukon’s Tintina Trench. The project is fully permitted and has agreements in place with the local first nation the Na-Cho Nyak Dun.

Recently there has been some substantial money flowing into Victoria Gold with Raymond James Inc. and a group of others including National Bank Financial Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Paradigm Capital Inc. and BMO Nesbitt Burns Inc. purchasing 44,275,000 shares at a price of 65c for a total of $28,778,750. The money is to continue work advancing the Eagle Gold project.

The stock has seen 52 week highs of 0.80 cents with some insider selling at the 0.80C mark and with insider buying at the 0.60 cents mark. The company is also releasing a feasibility study for the Eagle gold project on Monday Sept 12th and with some heavy financing behind them just before the release of this study it has many speculating about the near term value of this Company.

Other factors which make this company an attractive take over target include over 2.3 million ounces of gold reserves, All weather road to the mine site, close to existing power infrastructure and in a stable and mostly pro mining jurisdiction.

With all of these factors a takeover of Victoria Gold corp. is definitely a reasonable possibility. Victoria Gold Corp is up 600%  YTD Happy Trading GLTA.

 

DISCLAIMER AND CONFLICTS
THE PUBLICATION OF THIS LETTER IS FOR YOUR INFORMATION AND AMUSEMENT ONLY. THE AUTHOR IS NOT SOLICITING ANY ACTION BASED UPON IT, NOR IS HE SUGGESTING THAT IT REPRESENTS, UNDER ANY CIRCUMSTANCES, A RECOMMENDATION. THE AUTHOR IS NOT AN INVESTMENT ADVISER AS DESCRIBED BE CANADIAN LAW OR THE LAW OF ANY OTHER JURISDICTION.  THE CONTENT OF THIS LETTER IS DERIVED FROM INFORMATION AND SOURCES BELIEVED TO BE RELIABLE, BUT THE AUTHOR MAKES NO REPRESENTATION THAT IT IS COMPLETE OR ERROR-FREE, AND IT SHOULD NOT BE RELIED UPON AS SUCH. IT IS TO BE TAKEN AS THE AUTHORS OPINION AS SHAPED BY HIS EXPERIENCE, RATHER THAN A STATEMENT OF FACTS.

DISCLOSURE     The author owns shares of Victoria Gold Corp.

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