Victory Resources arranges $200,000 private placement
VICTORY ANNOUNCES PRIVATE PLACEMENT
Victory Resources Corp. has arranged a non-brokered private placement to qualified investors. The private-placement financing will consist of up to four million units for gross proceeds of $200,000.
Each unit will be priced at five cents and will consist of one common share and one warrant. Each warrant shall entitle the holder to purchase one additional common share at a price of 10 cents per share, with an expiry date which is 24 months from closing.
The proceeds of this private placement will be used for general working capital purposes.
The private placement remains subject to TSX Venture Exchange approval.
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