It’s all over for Victoria Gold (TSX: VGCX). Following the firms announcement this morning that the Yukon government had filed an application with the Ontario Superior Court of Justice to place the company into receivership, the court has granted the order as requested.
PricewaterhouseCoopers has been appointed as the receiver and manager of Victoria Gold Corp, which includes all property, assets and undertakings in which the company has an interest, including the real property of the Eagle Gold Mine in the Yukon.
READ: Yukon Government Seeks To Appoint Receiver Over Victoria Gold
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The order follows the company on June 24 experiencing a failure of its heap leach facility at the Eagle Gold Mine, the cause of which is said to still be under investigation.
It is now expected by the company that the TSX will suspend trading of the company on the exchange and will begin a delisting review.
Victoria Gold last traded at $0.48 on the TSX.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
