Victoria Gold 21,294,000-share private placement

2009-01-19 16:15 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Dec. 1, 2008.

Number of shares: 21,294,000 shares

Purchase price: 20 cents per share

Warrants: 10,647,000 share purchase warrants to purchase 10,647,000 shares

Warrant exercise price: 25 cents for a two-year period

Hidden placees: 17 placees

Pro groups: William Washington, 250,000; Matthew L. Skipp, 100,000

Insiders: John C. McConnell, 500,000; Chad Williams, 1.6 million; Kinross Gold Corp., 12.5 million; Marty Rendall, 200,000

Agent's fee: $210,616, plus 615,580 broker warrants, payable to Wellington West Capital Markets Inc. (each broker warrant is exercisable into one common share at a price of 20 cents for a one-year period)

HG