Victory Mountain Ventures Announces Private Placement
- Top 10 News for 05/13 - 05/17: Tesla Can't be Stopped; Tepper Still Bullish; Sony Gets in Play
- Tableau Software (DATA) IPO Surges Higher
- Bloomberg Taps Former IBM (IBM) Exec to Lead Privacy, Data Standards Initiative
- Unusual 11 Mid-Day Movers 05/17: (RSOL) (SCTY) (VNDA) Higher; (ARUN) (UNXL) (COSI) Lower
- Despite Outside Interest, Tumblr and Yahoo! (YHOO) Are in Lockup (MSFT) (FB)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2013) - Victory Mountain Ventures Ltd. (TSX VENTURE: VMV) ("Victory") announces that it has arranged a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $250,000; subject to the approval of the TSX Venture Exchange.
Up to 5,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.
The proceeds of the private placement will be used for general working capital. Finder's fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.
Victory Mountain Ventures Ltd. (TSX VENTURE: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.
On Behalf of the Board of Directors
VICTORY MOUNTAIN VENTURES LTD.
Charles Desjardins, President and Director
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
FOR FURTHER INFORMATION PLEASE CONTACT: Victory Mountain Ventures Ltd. Charles Desjardins 604-683-5445 604-687-9631 (FAX) firstname.lastname@example.org www.victorymv.com
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Source: Victory Mountain Ventures Ltd.
You May Also Be Interested In
- Phi Beta Epsilon Fraternity at MIT Honors Officer Sean Collier, Supports IRDF
- Boart Longyear Announces Safe Rescue of Drill Rig Employee in Northern Canada
- Rainbow Sash Movement (LGBT Catholics) Calls on Cardinal Francis George of Chicago to Reclaim God's radical inclusivity on Pentecost Sunday (May 19)
Create E-mail Alert Related CategoriesPress Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!