Orion wraps up $75 mln investment in Victoria Gold
U.S. mining private equity firm Orion Mine Finance Group has closed a $75 million investment in Victoria Gold Corp (TSX-V: VIT), a Toronto-based gold explorer and developer. The investment is part of a $295 million debt and equity financing provided by Orion to support development of the company's 100 percent-owned Eagle Gold project in Yukon. Last month, Victoria Gold announced it had agreed to a $505 million financing package intended to back the project through to commercial production. With the close of the investment, Orion holds a 19.55 percent interest in the company.
16 April 2018•4 mins read
