Victoria Gold Placed Into Receivership, Expected To Be Delisted
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
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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
