04:43:16 EDT Fri 18 Jun 2021
Enter Symbol
or Name

Login ID:
Victoria Gold Corp (2)
Symbol VGCX
Shares Issued 62,129,040
Close 2021-05-12 C$ 14.55
Recent Sedar Documents

Victoria Gold sued over shortfalls at Eagle mine

2021-05-12 20:49 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Victoria Gold Corp. and its president, John McConnell, are facing a lawsuit in the Supreme Court of British Columbia over changes to production guidance at the Eagle gold mine in the Yukon. The suit claims that the company failed to disclose design problems at the mine that led to the company failing to meet its guidance. When Victoria Gold finally did disclose the issues, the stock fell to $12.26 from $15.81.

The allegations are contained in a notice of claim filed at the Vancouver courthouse on Tuesday, May 11, by Caliban Investment LP #3, an Ontario entity that purchased Victoria Gold shares through a secondary offering. In addition to Victoria Gold and Mr. McConnell, the suit names as defendants the underwriters in that secondary offering, which were BMO Nesbitt Burns Inc., CIBC World Markets Inc. and PI Financial Corp. The suit also includes three Victoria Gold directors as defendants (T. Sean Harvey, Michael McInnis and Sean Roosen) as well as the company's chief financial officer (Marty Rendall).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.