The Prospector News

Victory Closes Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Victory Closes Non-Brokered Private Placement

 

 

 

 

 

Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC:VRCFF) announced it has completed its initial closing of a non-brokered private placement.

 

The Private Placement consists of up to 133,333,333 units priced at $0.015 for proceeds of $2,000,000. Each Unit consists of one common share and one common share purchase warrant, exercisable at $0.05 for a period of two years from closings. On the initial closing, 87,147,234 Units were issued for gross proceeds of $1,307,208.

 

The Company paid finders fees to qualified finders of $84,576.88 (8% cash) and issued 5,638,458 broker warrants (8% brokers warrants). Net proceeds from the private placement will be used for general working capital and for investments.

 

Insiders of the Company received an aggregate of 6,666,667 common shares of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

 

About Victory Resources Corporation

 

VICTORY RESOURCES CORPORATION is a publicly traded junior mining corporation with interests in North America. The company is currently developing its existing operation in South Central British Columbia. The company is also currently seeking other opportunities.

 

Posted October 9, 2019

Share this news article

MORE or "UNCATEGORIZED"


Millrock Closes Non-Brokered Private Placement Financing

Millrock Resources Inc. (TSX-V: MRO) reports the non-brokered pri... READ MORE

February 14, 2020

Fremont Gold Closes Oversubscribed Financing to Drill past Producing Griffon Gold Project

Fremont Gold Ltd. (TSX-V: FRE) (FSE:FR2) (OTC PINK: USTDF) ... READ MORE

February 14, 2020

Great Bear Drills 10.58 g/t Gold Over 21.00 m; Initiates 5 Kilometre Grid Drill Program at LP Fault; Mobilizes Fifth Drill Rig

Great Bear Resources Ltd. (TSX-V: GBR) reported new developments ... READ MORE

February 14, 2020

Blackrock Gold Closes Final Tranche of Private Placement

Blackrock Gold Corp. (TSX-V: BRC) is pleased to announce the clos... READ MORE

February 13, 2020

Great Atlantic Closes $1 Million Financing

GREAT ATLANTIC RESOURCES CORP. (TSX-V:GR) (FRANKFURT:PH01) is ple... READ MORE

February 13, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions