Victory Battery to issue 9.26 million shares for debt
2024-03-22 17:03 ET – News Release
Mr. Mark Ireton reports
VICTORY ANNOUNCES DEBT SETTLEMENTS
Victory Battery Metals Corp. has entered into settlement agreements that will see $463,025 of debt settled by the issuance of 9,260,500 shares at a deemed price of five cents and the company’s balance sheet much improved.
No finders’ fees will be paid. The securities issued will be subject to a four-month-and-one-day hold period from closing.
Certain insiders participated in respect to accrued and unpaid fees and expenses. The company is relying on exemptions contained in National Instrument 61-101 from minority approval and valuation requirements for related party transactions.
About Victory Battery Metals Corp.
Victory is a publicly traded diversified investment corporation with mineral interests in North America. The company’s head office is located at 1780 355 Burrard St., Vancouver, B.C., V6C 2C8, and its common shares are currently listed on the Canadian Securities Exchange.
We seek Safe Harbor.
https://www.victorybatterymetals.com/
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