Victoria Gold Corp. cancelled the acquisition of ATAC Resources Ltd..
Victoria Gold Corp. (TSX:VGCX) cancelled the acquisition of ATAC Resources Ltd. (TSXV:ATC) on January 17, 2023. ATAC Board of Directors declined Victoria's proposal on January 17, 2023. ATAC indicated that it was willing to engage in further discussions with Victoria related to a transaction that more fairly valued ATAC. To provide ATAC's Board of Directors time to reconsider its prior rejection of Victoria's offer, Victoria is extending its offer until February 17, 2023. Following this, Victoria's proposal to acquire ATAC will expire. Victoria has no intention of commencing a hostile take-over offer.