On August 13, 2024, Siskinds LLP and Slater Vecchio LLP commenced a proposed securities class action lawsuit in the Supreme Court of British Columbia against Victoria Gold Corp. and other defendants (“Victoria Gold”).
Victoria Gold (TSX: VGCX; U.S.: OTC – VITFF) is a mining company. Its flagship mine and sole producing asset is the Eagle Gold Mine, located in Yukon, Canada, within the traditional territory of the First Nation of Na-Cho Nyäk Dun.
The plaintiff alleges, amongst other things, that Victoria Gold made misrepresentations contrary to the Securities Act about the safety and environmental practices at Eagle Gold Mine, particularly concerning the stability and operation of the Heap Leach Facility.
On June 24, 2024, Victoria Gold announced that a landslide had occurred at Eagle Gold Mine. The landslide caused environmental damage and halted all mining activities at Eagle Gold Mine indefinitely. On this news, Victoria Gold’s share price declined significantly, resulting in losses to investors.
The proposed class action is brought on behalf of investors who acquired Victoria Gold securities between August 13, 2021, and July 12, 2024.
If you would like to be updated on developments in the Action, please click “join” above and complete the form. Your information will be held in strict confidence. By completing the form, you are not retaining Siskinds LLP, nor do you incur any obligations in connection with the action.
FAQs
What should I do to protect my rights?
To protect your rights, you should:
- Keep records of any purchases and sales of the common shares or other securities of Victoria Gold Corp. from August 31, 2021 onwards.
- While the class action is pending, notices will be disseminated to the class members advising that they should take certain steps by specific deadlines in order to preserve their rights. This information will also be made available on Siskinds’ website. These deadlines will usually be fixed by the courts, and will need to be adhered with in order to protect your rights.
- Register to receive updates on this class by clicking “join” above and filling out the form.
I still have a question. Who should I contact?
For answers to common questions about class actions in Canada, such as timelines, eligibility, and settlement information, please visit our Class Action Lawsuit FAQ page.
If you have any other questions, please email us at [email protected] or contact us by phone at 519.672.2121 or toll free at 1.800.461.6166.