SUN VALLEY, Idaho, July 17, 2019 (GLOBE NEWSWIRE) -- Sun Valley Gold LLC (“Sun Valley”) announced today that it has acquired control and direction over 30,464,000 common shares (“Common Shares”) of Victoria Gold Corp. (“Victoria Gold”) for and on behalf of client accounts over which it has discretionary trading authority. The Common Shares were acquired over the facilities of the TSX Venture Exchange for a purchase price of CDN$0.37.
Following the acquisition, Sun Valley exercises control and direction over an aggregate of 109,832,583 for and on behalf of client accounts. The 109,832,583 Common Shares over which Sun Valley exercises control and direction represent approximately 13.32% of the issued and outstanding Common Shares.
The securities of Victoria Gold were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Victoria Gold depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY 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