Victory Battery Metals Corp. Announces Closing of Second Tranche of Financing
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For Immediate Release
VICTORY BATTERY METALS CORP. ANNOUNCES CLOSING OF
SECOND TRANCHE OF FINANCING
VANCOUVER, BC, CANADA (February 16, 2023) – Victory Battery Metals Corp. (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that it has closed the second
tranche of its non-brokered Unit Private placement (t he “Financing”). In the first tranche the Company
raised proceeds of $448,000 through the sale of 5, 600,000 Units. In the second tranche the Company
accepted subscriptions for 4,550,000 Units at a price of $0.08 per unit, for gross proceeds of $364,000. The
Company paid finders fees on the second tranche to qualified finders of $28,320 and issued 210,000 broker
warrants, which are on the same terms as the warrants forming part of the Units.
Pursuant to the terms of the Financing, each Unit consists of one common share and one common share
purchase warrant exercisable at $0.12 for a two year period, subject to the right of the Company to
accelerate expiry upon 30 days’ notice if the common shares trade at $0.17 or higher for a period of 10
days, including days where there is no trading.
The Company intends to use net proceeds of the Financing for working capital requirements and other
general corporate purposes.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE: VR) is a pu blicly traded diversified investment corporation
with mineral interests in North America. The com pany is also actively seeking other exploration
opportunities.
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, stat ements regarding future financial
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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
the Company. Such forward-looking information re flects management's current beliefs and is based on
information currently available to management. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "predicts", "intends", "targets", "aims", " anticipates" or "believes" or variations (including
negative variations) of such words and phrases or may be identified by statements to the effect that certain
actions "may", "could", "should", "w ould", "might" or "will" be taken, o ccur or be achieved. A number of
known and unknown risks, uncertainties and other factors may cause the actual results or performance to
materially differ from any future results or perform ance expressed or implied by the forward-looking
information. These forward-looking statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of the Company including, but not limited to, the impact of general economic
conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the
assumptions used in the preparation of such inform ation, although considered r easonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-
looking statements. The Company does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events, or otherwise, except as required by
securities laws.