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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: VIT and Gatway to Complete Definitive Merger by Sep 30, 2008

VIT and Gatway to Complete Definitive Merger by Sep 30, 2008

posted on Sep 23, 2008 03:49PM

It is interesting to see that no one posted this information. This news came out before the market closed and no one posted this news - yet the stock goes up 15%. That goes to show you that most investors in the junior gold sector are asleep at the switch and are so shell shocked by the drop in their stocks that a good news announcement slips by them as if nothing ever happened. What I am surprised about is the fact that the stock went up on this news - given the fact there appears that there is presently very little interest in VIT or, for that matter, the greater majority of other junior gold stocks. Keep in mind that this press release is nothing that most people would get excited about other than the fact that both parties have re-affirmed to that merger was on track and on budget for a timely completion. It shows you that it only takes a few knowledgeable investors to recognize the importance of this news, and that it takes very little increase in demand to move this stock up in value. Unfortunately, by the time most investors really recognize the hidden value in this company, its stock IMO, won't be selling any where near the .34 C price that this stock is trading at today.

Victoria and Gateway to Complete Definitive Agreement for Victoria's Acquisition of Gateway by September 30, 2008
Tuesday September 23, 2:48 pm ET



TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 23, 2008 -- Victoria Gold Corp. (CDNX:VIT.V - News)("Victoria") and Gateway Gold Corp. (Toronto:GTQ.TO - News)("Gateway") announced today that they have extended the deadline for the execution of a definitive agreement (the "Definitive Agreement") in connection with the proposed acquisition by Victoria of all of the outstanding common shares of Gateway (the "Transaction"). The execution of the letter Agreement (the "Letter Agreement") in respect of the Transaction was announced in press releases of Victoria and Gateway each dated August 19, 2008. In order to satisfy all of the legal and regulatory requirements associated with the agreement, Victoria and Gateway have mutually agreed to a brief extension of the deadline for the execution of the Definitive Agreement to September 30, 2008. All other terms set out in the Letter Agreement and described in the press releases dated August 19, 2008 remain unchanged. Victoria and Gateway remain committed to completing the Transaction and the process is on track and on budget for a timely closing.
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