Victoria Gold repays $7.13 million of credit facility borrowings

By Sarah Lizee

Olympia, Wash., June 3 – Victoria Gold Corp. made the first principal repayment against its senior secured credit facility of $7,133,266 on May 31, according to a press release.

Looking forward, the next scheduled payments of principal and interest on the senior secured credit facility along with interest on the subordinated credit facility are on Aug. 31.

The credit facilities are flexible with respect to early repayment and with strong free cash flow expected to be generated by the Eagle Gold Mine, the company said it plans to make debt reduction a priority.

Victoria Gold is a gold exploration company based in Toronto.

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