Orion Mine Finance completes bought deal secondary offering of Victoria Gold shares

On September 30, 2020, Victoria Gold Corp. ("Victoria Gold") announced the closing of the previously announced bought deal secondary offering of its common shares with Orion Mine Finance ("Orion") and a syndicate of underwriters co-led by BMO Capital Markets and CIBC Capital Markets and including PI Financial Corp. The offering, including the fully exercised over-allotment by the underwriters, consisted of 3,383,300 common shares which were bought by the underwriters from Orion at a price of C$17.00 per share for gross proceeds of C$57,516,100.

Prior to the offering, Orion held 25,903,624 common shares and 1,666,667 common share purchase warrants of Victoria Gold.

Further information can be found on Canada Newswire's website and at globenewswire.com.

Victoria Gold is the sole owner of the Dublin Gulch gold property situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. It is the site of the company's Eagle and Olive gold deposits.

Orion Mine Finance is a global industry leader in delivering customized financial solutions to base and precious metals mining companies.