Agoracom: Small Cap Investment - Victoria Gold Corp - Re: Comparison of V.VIT and V.EAS

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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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Bylo Selhi

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Re: Comparison of V.VIT and V.EAS - what gives?

in response to

Comparison of V.VIT and V.EAS - what gives?

3cpxbro

posted on May 02, 2010 05:20PM

Here is another comparison between V.VIT and V.EAS (see below).

This PP is nearly too good to be true... Somebody is throwing $19 million at EAS.

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East Asia Minerals Finalizes Private Placement Terms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2010) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.

East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce the terms of a non-brokered financing. The Company will raise up to $18.85 million through the issuing of up to 2.5 million shares at $7.54 per share. This non-brokered financing is for common shares only, with no warrants attached, and no fees are being paid. The transaction is subject to TSX Venture Exchange approval.

East Asia Minerals will use the proceeds of the offering for further exploration of the Miwah Gold Project, advancement of its Indonesia gold and gold-copper portfolio, and unallocated working capital.

"This offer by third parties for a non-brokered Private Placement into East Asia Minerals is welcomed as the Company continues to advance the impressive Miwah Gold Project in Indonesia," stated Michael Hawkins, President and CEO of East Asia Minerals. "With this important investment into East Asia Minerals, we will be in the position to accelerate our diamond drill program at Miwah and to commence drilling other properties in our diversified and robust gold portfolio."

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Victoria Gold Closes Flow-Through Financing - April 21, 2010

To fund Victoria's 2010 exploration program in the Yukon, the Company closed a non- brokered private placement flow-through offering (the "Offering") raising gross proceeds of approximately $4.3 million, representing the issuance of 4,100,000 common shares priced at $1.05 per share, a premium of more than 20% over Victoria's closing price on April 20, 2010. Finders' fees of $225,500 were paid in conjunction with the Offering. The flow-through shares will be subject to a four-month hold period.