Victory Resources Announces Non-Brokered Private Placements
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
For Immediate Release
VICTORY RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENTS
VANCOUVER, BC, CANADA (July 27th, 2020) – Victory Resources Corporation (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) announced it is undertaking two non-
brokered private placements. The Company will issue up to 26,666,667 units at a price of
$0.075 per unit, for gross proceeds of $2,000,000. Each unit consists of one common share and
one common share purchase warrant. Each warrant entitles the holder to purchase one
additional common share at $0.10 for a period of two years from the date of closing, subject to
the Company’s right to accelerate the expiry date in the event that the Company’s shares trade
at $0.20 or higher for 10 trading days.
The Company is also offering up to 20,000,000 flow through units at $0.10 per unit for gross
proceeds of $2,000,000. Each flow through unit consists of one common share and one
common share purchase warrant. Each warrant entitles the holder to purchase one additional
common share at $0.15 for a period of two years from the date of closing, subject to the
Company’s right to accelerate the expiry date in the event that the Company’s shares trade at
$0.20 or higher for 10 trading days.
The Company will pay finders’ fees to qualified finders in the amount of 8% cash and 8% broker
warrants. Net proceeds from the private placement will be used 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
Suite #1780, 355 Burrard St., Vancouver, BC, Canada, V6C 2G8
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation
with mineral interests in North America. The c ompany 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. A ll 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 managem ent.
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" o r 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 numerou s 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 assumpt ions 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 obligati on 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.