Victory Battery Metals Corp. Announces Closing of Third Tranche of Financing
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For Immediate Release
VICTORY BATTERY METALS CORP. ANNOUNCES CLOSING OF THIRD TRANCHE OF FINANCING
VANCOUVER, BC, CANADA (February 22, 2023) – Victory Battery Metals Corp. (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that it has closed the third
tranche of its non- brokered Unit Private placement (the “Financing”). In the first tranche the Company
raised proceeds of $448,000 through the sale of 5,600,000 Units. In the second tranche t he Company
accepted subscriptions for 4,550,000 Units, for gross proceeds of $364,000. In the third tranche the
Company accepted subscriptions for 8,607,500 Units at $0.08 per Unit, for gross proceeds of $688,600.
The Company paid finders fees on the third tranche to a qualified finder of $2,560 and issued 32,000 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 is offered at a subscription price of $0.08 per Unit. 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 publicly traded diversified investment corporation
with mineral interests in North America. The company is also actively seeking other expl oration
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
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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
the Company. Such forward- looking information reflects 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", "would", "might" or "will" be taken, occur 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 performance 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 information, although considered reasonable 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.