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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: Special Warrant Offering

Special Warrant Offering

posted on Nov 22, 2009 07:07PM

I expect an announcement next week that the Special Warrant Bought Deal was completed. I also expect Raymond James to exercise their option to increase the Special Warrant size by another $5 million dollars. If I am correct, VIT will eventually end up with approximately $15 million in additional cash + existing cash of approximately $8 million. Once this Special Warrant offering is a done deal, then I would expect this stock to move up well beyond its present level near C$.70.

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