SUN VALLEY, Idaho, May 10, 2019 (GLOBE NEWSWIRE) -- Sun Valley Gold LLC (“Sun Valley”) announced today that on May 10, 2019 a total of 10,000,000 common share purchase warrants of Victoria Gold Corp. (“Victoria Gold”), beneficially owned by client accounts over which it has discretionary trading authority, expired without being exercised. Following the expiry of the warrants, Sun Valley exercises control and direction over an aggregate of 79,368,583 common shares of Victoria Gold for and on behalf of client accounts.
The 79,368,583 common shares over which Sun Valley exercises control and direction for and on behalf of client accounts represent approximately 9.63% of the issued and outstanding common shares of Victoria Gold. As a result of the expiry of these warrants, Sun Valley no longer exercises control and direction over 10% or more of the issued and outstanding common shares of Victoria Gold (calculated on a post-conversion basis) and, as a consequence, will no longer be subject to early warning reporting requirements with respect to Victoria Gold.
Sun Valley may increase or decrease its ownership of securities of Victoria Gold in the future depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY AND THE MASTER FUND UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW:
Linda J. Kish,
Chief Legal Officer, Sun Valley Gold LLC
Tel: (208) 726-2399
Fax: (208) 726-0842