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Victoria raises cash for Cortez

TORONTO-listed Victoria Resource Corp has raised C$4 million to fund drilling at its Mill Canyon gold-silver project near Cortez Hills in Nevada, after placing 2.4 million shares at C$1.65/share with its majority shareholder Bema Gold Corp.

Sarah Belfield Belfield
Victoria raises cash for Cortez

Bema will hold 33% of issued and outstanding Victoria shares, taking into account the warrants attached to each share in the placement. Under the private placement, one warrant is exercisable over two...

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