TORONTO, Jan. 28,
2025 /CNW/ - PricewaterhouseCoopers Inc., solely in
its capacity as receiver and manager of Victoria Gold Corp.
("VGC"), announced today that 42,132,139 common shares
("Shares") of Lahontan Gold Corp. ("Lahontan") owned
by VGC have been sold pursuant to a share purchase agreement for
aggregate gross proceeds of $842,642.78 (the "Transaction"). The
Shares were sold at a price of $0.02
per Share to a group of institutional and retail investors arranged
by VGC's agent, Haywood Securities Inc.
Immediately prior to the Transaction, VGC held 49,126,046
Shares, representing approximately 23.8% of the issued and
outstanding Shares of Lahontan. Accordingly, the disposition of the
Shares represents a decrease in VGC's ownership to 3.4% of the
issued and outstanding Shares of Lahontan.
The Shares were sold in reliance upon the prospectus exemptions
in NI 45-102 (Section 2.8 – Exemption for a Trade by a Control
Person).
This press release is issued pursuant to the early warning
provisions of Canadian securities legislation. For more information
or to obtain a copy of the early warning report filed under
National Instrument 62-103, please contact PricewaterhouseCoopers
Inc., in its capacity as receiver and manager of VGC
(ca_victoriagold@pwc.com). A copy of the Early Warning Report to be
filed by VGC in connection with the transaction described above
will be available on the VGC's SEDAR+ profile at
www.sedarplus.ca.
SOURCE Victoria Gold Corp.
