Victory Ventures Appoints Howard Milne Non‐executive Chairman of the Board and Amends Copau Property Option Agreement
TSX VENTURE EXCHANGE: VVN FRANKFURT: VV0 SEPTEMBER 13, 2013
VICTORY VENTURES APPOINTS HOWARD MILNE NON‐EXECUTIVE CHAIRMAN OF THE BOARD AND AMENDS COPAU PROPERTY OPTION AGREEMENT
Victory Ventures Inc. (the “Company”) is pleased to report that the board of directors has appointed Howard Milne as non‐executive Chairman of the Board. Mr. Milne has been a director of the Company since its inception and has been instrumental in the Company’s development to date.
In addition, the Company has been successful in re‐negotiating option terms contained in its definitive agreement with the vendor of the Copau Property, located in the Iskut district of northern British Columbia.
The second year anniversary payment due on or before January 17, 2014 has been amended to consist of the issuance of 100,000 common shares, a cash payment of $5,000 (deferring the balance of $20,000 until January 17, 2015) and the deferral of the aggregated $300,000 expenditure requirement on the Property to January 17, 2015. The Company has spent in excess of $200,000 on the Copau Property to date. Management wishes to thank the vendor of the Copau Property for his support in amending the Copau Property Option Agreement.
The Company had planned to return to the Property by early August, to carry out a diamond drill program to test the prominent northwest trending magnetic anomaly, which is present for at least 800 meters in length and 200‐300 meters in width, with pronounced strengthening of the anomaly at its northwest extent and open beyond the existing grid area. The drill program has been postponed due to the scarcity of a helicopter in the Iskut area. Management intends to carry out further drilling in the coming months, as soon as a helicopter becomes available.
On behalf of the Board of Directors: For more information please contact:
Tel: (604) 377‐8994
“Howard Milne” Email: [email protected]
Director Website: www.victoryventures.ca
Victory Ventures Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious metal properties in North America. The Company’s Shares are listed and posted for trading on the TSX Venture Exchange under the symbol "VVN" and on the Frankfurt Exchange under the symbol “VV0”.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.