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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: E. Charters who wrote (61354)9/25/2008 11:26:21 PM
From: Land Shark2 Recommendations  Read Replies (4) of 78417
 
VIT will pick them up for a song, given they're cash starved and you know how difficult it would be for them to refinance in this environment:

Victoria and Gateway to Complete Definitive Agreement for Victoria's Acquisition of Gateway by September 30, 2008
Toronto, Ontario and Vancouver, British Columbia, September 23, 2008 -- Victoria Gold Corp. (TSXV: VIT) ("Victoria") and Gateway Gold Corp. (TSX: GTQ) ("Gateway") announced today that they have extended the deadline for the execution of a definitive agreement (the "Definitive Agreement") in connection with the proposed acquisition by Victoria of all of the outstanding common shares of Gateway (the "Transaction"). The execution of the letter agreement (the "Letter Agreement") in respect of the Transaction was announced in press releases of Victoria and Gateway each dated August 19, 2008. In order to satisfy all of the legal and regulatory requirements associated with the agreement, Victoria and Gateway have mutually agreed to a brief extension of the deadline for the execution of the Definitive Agreement to September 30, 2008. All other terms set out in the Letter Agreement and described in the press releases dated August 19, 2008 remain unchanged. Victoria and Gateway remain committed to completing the Transaction and the process is on track and on budget for a timely closing.

Can you say Kinross? I wouldn't touch it. However, when and if the market gets better, I'll consider looking @ an old favorite, VIT.
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