Victory Resources Announces Closing of the Final Tranche of Common Share Unit Non-Brokered Private Placement
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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For Immediate Release
VICTORY RESOURCES ANNOUNCES CLOSING OF THE FINAL TRANCHE OF COMMON SHARE
UNIT NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC, CANADA ( August 2 6th, 2020 ) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce that it has
completed the final tranche of its non -brokered common share unit private placement (the “Financing”). In
the first tranche the Company r aised proceeds of $1,769,600 through the sale of 23,594,665 Units. The
final tranche of the Financing the Company raised proceeds of $373,025.03 through the sale of 4,973,667
Units. Securities issued pursuant to the final tranche are subject to trading restrictions until December 26,
2020.
The Company paid finder’s fees to qualified finders in closing 1 of a total of $28,615 and issued a total of
610,453 broker warrants, which are on the same terms as the warrants forming part of the units. Finder’s
fees were paid to one qualified finder in the final tranche of $2,340 and a total of 31,200 broker warrants.
Pursuant to the terms of the Financing the placement consisted of units priced at $0.075 each, with each
unit consists of one share and one warrant exercisable for 2 years from clo sing at an exercise price of
$0.10.
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:
David Lane, President
Telephone: +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.
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
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Forward Looking Statements
Certain information set forth in this news release m ay 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 fin ancial
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", "sc heduled",
"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 expre ssed 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 condi tions, 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.