Victory Announces Private Placement
Friday, 12 December 2014 22:54

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has arranged the first tranche of the previously announced non-brokered private placement. The private placement financing will consist of 2,651,668 units (“Units”) for gross proceeds of $159,100.

Each Unit will be priced at $0.06 and will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 per share for 24 months from the closing date.

The net proceeds from this private placement will be used for exploration and geological work on the Merritt property and for general working capital.

All securities issued will be subject to a four-month hold period from closing.

This private placement remains subject to regulatory approval.

On behalf of The Board of Directors of Victory Resources Corporation.

Roger Frost President, CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Victory Resources Corp. which may cause actual results, performance or achievements of Victory Resources Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

Neither 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 press release, which has been prepared by management.