Toronto, Ontario ‐ The Board of Directors of Victoria Gold Corp. (the "Company") has granted 2,725,000 options to employees, directors and officers of the Company, in each case under the stock option plan of the Company which was approved by shareholders of the Company on August 19, 2010. The options have an exercise price of $1.05, which represents a 21% premium to yesterday's closing price and a 14% premium to the average closing price during the 5 previous trading days. The options will vest over an 18‐month period and are exercisable for a period of five years from the date of the grant thereof.
About Victoria Gold Corp
Victoria is a high-growth gold company with a focus on adding value per share through efficient exploration, project development, and accretive acquisitions. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria's management team. Victoria currently holds approximately Cdn$26 million in unrestricted cash and cash equivalents.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward‐looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward‐looking statements.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
For Further Information Contact:
Katie Fedorowicz, MBA
Investor Relations Coordinator
Victoria Gold Corp
Tel: 416-866-8800 Ext. 226