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Victory Resources Announces Closing of the First Tranche of Common Share Unit Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / August 12, 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 12, 2020 / Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) (\"Victory\" or the \"Company\") is pleased to announce the closing of the first tranche of its previous announced non-brokered common share unit financing. The Corporation raised gross proceeds of $1,571,050 through the sale of 20,947,332 equity units. The placement consists of units priced at $0.075 each, with each unit consisting of one share and one warrant exercisable for 2 years from closing at an exercise price of $0.10. After this issue, the Company will have 40,272,415 shares issued and outstanding. Securities issued on this closing shall be subject to resale restrictions to December 13, 2020. A total of $28,615 and 610,453 finders' warrants were issued to two finders on this transaction. The finders' warrants are on the same terms as the warrants forming part of the units. Insiders participated in respect to 186,666 units. 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: Ivy LuInvestor RelationsDavid Lane, PresidentTelephone: +1 (236) 317 2822\\E-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, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving...