Settlement of Action
This class proceeding has now been settled and the settlement has been approved by the Supreme Court of British Columbia. A copy of the order approving the settlement is available HERE.
TO SUBMIT A CLAIM FOR YOUR PORTION OF THE SETTLEMENT FUNDS, FILL OUT THE ONLINE CLAIMS FORM AVAILABLE HERE.
Claim forms must be received no later than 11:59 pm PT on October 31, 2024 to be valid.
Details about the claims process as well as instructions on how to fill out the Claims Form can be found HERE.
A copy of the Settlement Agreement is available HERE.
More information about the terms of the settlement is available HERE.
The Court-approved plan to allocate and distribute the settlement amount is available HERE.
If you have any questions about the settlement or the process to submit a claim, please email your questions to [email protected] or fax them to (416) 352-7638.
Summary
This is a securities class proceeding against Victoria Gold Corp. (TSX: VGCX, OTC PINK: VITFF) and certain of its directors and officers, as well as its majority shareholder and the underwriters who acted in connection with Victoria Gold’s secondary offering of common shares conducted in September of 2020. The investors’ claims arise out of alleged misrepresentations in Victoria Gold’s disclosure documents regarding mine operations, volume of production and costs of production of gold at Victoria Gold’s main operating asset, the Eagle Gold Mine.
Class Membership Criteria
This class action is brought on behalf of:
- All persons and entities, wherever they may reside or may be domiciled, who purchased or otherwise acquired securities of Victoria Gold Corp. during the period from July 1, 2020 through to and including November 12, 2020 and held some or all of those securities as of November 13, 2020, except certain excluded persons.
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