Business
Victory Battery Metals Announces Closing of $1,925,800 Flow-Through and Unit Financing
VANCOUVER, BC / ACCESSWIRE / March 10, 2023 / Victory Battery Metals (CSE:VR) (FWB:VR6) (OTC PINK:VRCFF) ("Victory" or the "Corporation") is pleased to announce
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 10, 2023 / Victory Battery Metals (CSE:VR) (FWB:VR6) (OTC PINK:VRCFF) (\"Victory\" or the \"Corporation\") is pleased to announce that it has closed its previously announced non-brokered Flow-Through Unit Private placement (the \"Financing\"). The Corporation raised proceeds of $150,000 through the sale of 1,250,000 Units. Pursuant to the terms of the Financing, each Flow-Through Unit is offered at a subscription price of $0.12 per Flow-Through Unit. Each Flow-Through Unit is comprised of one common share and one common share purchase warrant. Each Flow Through warrant (the \"FT Warrant\") entitles the holder thereof to purchase one non flow-through common share at $0.15 for a period of 2 years from the date of issue. If, at any time, the closing price of the Corporation's Common Shares is greater than $0.20 per Common Share for 10 consecutive days, including days where there is no trading, the Corporation may provide written notice (a \"Warrant Acceleration Notice\") to the holders that the expiry of the FT warrants shall be accelerated to a date that is not less than 30 days from the date of the Warrant Acceleration Notice. Securities issued pursuant to this Financing are subject to trading restrictions until July 11, 2023. The Corporation also announced that it has closed the final tranche of its non-brokered Common Share Unit Private placement (the \"Unit Financing\"). In the first tranche the Corporation raised proceeds of $448,000 through the sale of 5,600,000 Units. In the second tranche, the Corporation raised proceeds of $364,000 through the sale of 4,550,000 Units. In the third tranche, the Corporation raised proceeds of $688,600 through the sale of 8,607,500 Units. In the fourth and final tranche, the Corporation raised proceeds of $275,200 through the sale of 3,440,000 Units. Pursuant to the terms of the Unit Financing, each Unit is offered at a subscription price of $0.08 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.12 for a two year period, subject to the right of the Company to accelerate expiry upon 30 days' notice if the common shares trade at $0.17 or higher for a period of 10 days, including days where there is no trading The Corporation paid finders fees on the final tranche to a qualified finder of $8,000 and issu...