Business
Victory Resources Announces Closing of the Final Tranche of Common Share Unit Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / August 26, 2020 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to ann
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / August 26, 2020 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce that it has completed the final tranche of its non-brokered common share unit private placement (the \"Financing\"). In the first tranche the Company raised proceeds of $1,769,600 through the sale of 23,594,665 Units. The final tranche of the Financing the Company raised proceeds of $373,025.03 through the sale of 4,973,667 Units. Securities issued pursuant to the final tranche are subject to trading restrictions until December 26, 2020. The Company paid finder's fees to qualified finders in closing 1 of a total of $28,615 and issued a total of 610,453 broker warrants, which are on the same terms as the warrants forming part of the units. Finder's fees were paid to one qualified finder in the final tranche of $2,340 and a total of 31,200 broker warrants. Pursuant to the terms of the Financing the placement consisted of units priced at $0.075 each, with each unit consists of one share and one warrant exercisable for 2 years from closing at an exercise price of $0.10. The Corporation intends to use the proceeds for general working capital, acquisitions and a work program on the Company's existing exploration B.C. property and any additional properties the Company may acquire. For further information, please contact: David Lane, PresidentTelephone: +1 (236) 317 2822E-mail: [email protected] About Victory Resources Corporation VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also currently seeking other exploration opportunities, preferably in Canada. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, c...