Victory Resources Announces Closing of the Flow-Through Unit Non-Brokered Private Placement
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For Immediate Release
VICTORY RESOURCES ANNOUNCES CLOSING OF THE FLOW-THROUGH UNIT NON-BROKERED
PRIVATE PLACEMENT
VANCOUVER, BC, CANADA ( September 21, 2020 ) – Victory Resources Corporation (CSE: VR)
(FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce the closing of its
previously announced non-brokered flow-through unit financing. The Corporation raised gross proceeds
of $178,000 through the sale of 1,780,000 equity units. The placement c onsists of units priced at $0. 10
each, with each unit consisting of one flow-through common share and one warrant exercisable for 2
years from closi ng at an exercise price of $0.1 5. The Company may accelerate the expiry date of the
Warrants at any time if its shares trade over $0.20 for 10 trading days.
After this issue, the Company will have 50,173,415 shares issued and outstanding. Securities issued on
this closing shall be subject to resale restrictions to January 19, 2021.
The Corporation intends to use t he proceeds for 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.
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, statements regarding future financial
position, business strategy, use of proceeds, corporate vision, pr oposed acquisitions, partnerships, joint -
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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", "ai ms", "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 achiev ed. 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 Co mpany 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.