Victoria Gold Corp. Announces $10.0 Million Bought Deal Equity Special Warrant Financing
4:32pm EDT

Victoria Gold Corp. announced that it has entered into an agreement with Raymond James Limited, as lead underwriter on behalf of an underwriters syndicate (the Underwriters) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 15,873,015 special warrants (Special Warrants), priced at $0.63 per Special Warrant, for gross proceeds of $10,000,000 (the Offering). Each Special Warrant is exercisable into one common share of the Company (a Common Share). The Company will use its efforts to obtain a receipt for a final prospectus within 45 days of closing of the Offering, which will qualify the distribution of the Common Shares issuable upon exercise of the Special Warrants. The Underwriters have the option to purchase up to an additional 7,936,507 Special Warrants (the Underwriters' Option), for additional gross proceeds of up to approximately $5,000,000 if the Underwriters' Option is exercised in full. Net proceeds from the Offering will be used to advance the Company's gold projects in Nevada and Yukon and for working capital purposes. The Offering is expected to close on or about November 24, 2009.