The private placement

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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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chilledjames

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The private placement

posted on Jun 30, 2009 11:51PM

there has been some off board chat among friends about the recent private placement.

for those interested in the details.

This PP is done as Donor Flow Through Financing. it has double tax advantages for the purchaser. Hence this is why there are no warrants and it is sold at a premium to current market share price. because of the incentives related to the details, holders of the shares typically hold longer.

in addition, this is perhaps the 3rd or 4th time this has been done EVER and why people may not be familiar with it. VIT is at the cutting edge of many things.