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Victory Battery Metals Announces Private Placements of up to an Aggregate of $2,000,000
VANCOUVER, BC / ACCESSWIRE / February 6, 2023 / Victory Battery Metals (CSE:VR) (FWB:VR6) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce a
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / February 6, 2023 / Victory Battery Metals (CSE:VR) (FWB:VR6) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce a private placement financing of up to 12,500,000 units of the Company (the \"Units\") at a price of $0.08 per Unit for aggregate gross proceeds of up to $1,000,000 (the \"Offering\"), and a concurrent placement of flow through units for additional gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.12 per Common Share for a period of two years following the closing date of the Offering, subject to accelerated expiry as described herein. If, at any time, the closing price of the Company's Common Shares is greater than $0.17 per Common Share for 10 consecutive days, including days where there is no trading, the Company may provide written notice (a \"Warrant Acceleration Notice\") to the holders that the expiry of the Warrants shall be accelerated to a date that is not less than 30 days from the date of the Warrant Acceleration Notice. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units (other than the Placement Units (as defined below)) will be offered for sale to purchasers resident in Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Listed Issuer Financing Exemption\"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.victorybatterymetals.com. Prospective investors should read this offering document before making an investment decision. In addition to the Offering, the Company intends to complete a concurrent private placement of up to 6,666,667 Units (the \"Flow Through Units\") to certain insiders and other purcha...