BabyBulls Update: Victoria Gold Acquisition of StrataGold Approved by Shareholders

TORONTO, ONTARIO–(MARKET WIRE)–May 27, 2009 — Victoria Gold Corp. (CDNX:VIT.VNews) (“Victoria” or “the Company”) is pleased to announce that 95.97% of the shares of StrataGold Corporation (“StrataGold”), voted at the special meeting of the shareholders of StrataGold held in Vancouver on May 26, 2009, representing well over the required two-thirds, voted in favor of the acquisition of StrataGold by Victoria (the “Acquisition”).

Mr. Chad Williams, President, CEO, and a Director of Victoria said “The acquisition of StrataGold is an important and positive milestone for Victoria for the following reasons:

– Increases Victoria’s total National Instrument 43-101 (“NI 43-101″) gold resources from 1.2 million ounces to 4.4 million ounces with just 17% equity dilution reflecting an acquisition cost of under $3 per gold ounce per share at a time when the gold price is nearing all-time highs,

– Provides Victoria with control of StrataGold’s gold project portfolio that has substantial exploration and possible mine development growth potential, much of which is located in lower-risk jurisdictions,

– Adds gold assets to which Victoria will use its proven exploration and mine development expertise to add value per share.”

Click here for the full story.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: