Mr. John McConnell of Victoria reports
VICTORIA RECEIVES $10 MILLION THIRD PAYMENT FROM SALE OF COVE PROPERTY
On June 14, 2012, Victoria Gold Corp. closed the sale of its Cove McCoy property to Premier Gold Mines Ltd. for $28-million, to be paid over 24 months, plus a further $20-million in contingent production payments. Upon closing, Victoria received $4-million cash and $4-million in Premier common shares. On June 14, 2013, Victoria received the second payment of $5-million cash and $5-million in Premier common shares. On June 16, 2014, Victoria received the third payment of $5-million in cash and $5-million in Premier common shares.
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