A coincidence that Victoria gold just got the right amount of financing?

In Chapter 7 BK

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Yacknl

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A coincidence that Victoria gold just got the right amount of financing?

posted on Aug 13, 2010 09:40AM

I would normally think this is a coincidence, but the timing and amount of money makes you think. Victoria Gold (who has the lease on 30-40% of the Relief Canyon pit gold)announced, on the day after Platinum says they hired a lawyer specializing in the sale of BK properties, they have sold 25M worth of stock. Since the RC mine is probably being sold for 19.5M (what was owned to Plat) and was reported will cost 4.5M to move from the heaps to the pits and there is ~1M in CAD to USD conversion....

So as I said, I would normally think this is a coincidence, but the Co that leases part of the pits just raised the right amount to buy and upgrade RC mine on the day after the creditor announced they hired a BK property selling lawyer. We will see if it is just a coincidence.