Orion Mine Finance Announces Updates Victoria Gold Corp. Stocks

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Orion’s disposition of the Common Shares in the transactions was made in the ordinary course of its business operations. Orion continues to evaluate its holdings in Victoria, including potentially disposing of additional securities in the ordinary course of business, but has no current plan or intentions which relate to any of the other actions requiring disclosure under the early warning reporting provisions of applicable securities laws. Depending on market conditions, Orion’s view of Victoria’s prospects and other factors Orion considers relevant, Orion may acquire securities of Victoria from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of Victoria.

Forward-Looking Information

SOURCE Orion Mine Finance Management II Limited

Certain statements in the press release are forward-looking statements and are prospective in nature, including statements with respect to Orion’s future intentions regarding the securities of Victoria. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and Orion is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Story Highlights

  • Immediately prior to the transactions, Orion held 6,600,000 Common Shares and 1,666,667 Warrants of Victoria. Prior to the transactions, on a partially diluted basis, Orion had a securityholding percentage of 12.86% (based on 62,615,874 common shares outstanding). Following the closing of the transactions, Orion will hold 6,017,100 Common Shares and 860,000 Warrants. On a partially diluted basis, Orion will have a securityholding percentage of approximately 10.83%, a decrease in its securityholding percentage of approximately 2.03%. 

  • This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR profile of Victoria at www.sedar.com. To obtain a copy of the early warning report, you may also contact Rick Gashler, Chief Compliance Officer of Orion Resource Partners (USA) LP at (212) 596-3497. Orion’s address is Cumberland House, 7th Floor, 1 Victoria Street, Hamilton HM11, Bermuda.