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Victory Metals Announces Closing of Private Placement at a 70% Premium to Market
Victory Metals Announces Closing of Private Placement at a 70% Premium to Market C...
About this update from Nevada King Gold Corp
[{"type":"text","content":"\n\n\n\nVictory Metals Announces Closing of Private Placement at a 70% Premium to Market\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 24, 2019\n\n\n\nVANCOUVER, Oct. 24, 2019 /CNW/ - Victory Metals (\"TSX-V:VMX\") (\"Victory\" or the \"Company\") announces the closing of the non-brokered private placement  previously announced on September 30, 2019 (the \"Financing\"), to raise proceeds of $500,000 through the issuance of 746,268 common shares (the \"Shares\", and each a \"Share\") at $0.67 per Share representing a premium of 70% to the previous day's closing price.\n\n \n \n\n \nNo finder's fees were paid in connection with the Financing and the proceeds will be used for working capital purposes. The Company remains well financed with approximately $2.7 million in cash upon closing of the Financing. Closing of the Financing remains subject to final approval of the TSX Venture Exchange.\nAll Shares shall bear a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable securities legislation. \nThe securities offered have not been nor will they be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), or any applicable state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of any U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from registration requirements. This news release does  not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.\nAbout Victory Metals\nVictory owns a 100% interest in the Iron Point Vanadium Project, located 22 miles east of Winnemucca, Nevada. The project is located within a few miles of Interstate 80, has high voltage electric power lines running through the project area and a railroad lin...