Victory Announces Acquisition of Additional Claims and Private Placement
Monday, 27 April 2015 00:00

Vancouver, BC – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has increased its land holdings in the historic Aspen Grove mining area of south-central British Columbia. The Company has acquired by staking, two additional claims contiguous to its Toni property. With this new acquisition, the Company’s Toni property is comprised of 93 mineral claims of 40,239 hectares covering an area 39 km long and up to 21 km wide.

The acquired claims include the “Josee” mineral showing where mineralization is reported occurring as chalcocite in a sequence of massive to crudely layered lahar deposits and volcanic conglomerate of the Upper Triassic Nicola Group (Eastern belt, Bulletin 69). This acquisition improves the Company’s strategic position within this geologically favorable proposed exploration programs.

The Company’s growing land package in the area is consistent with Management’s commitment to establish and grow shareholder value ahead of the next commodities up-cycle.

The Company is also pleased to announce that it has received non-brokered private placement Subscription Agreements for 1,061,000 units (“Units”) from qualified investors for gross proceeds of $63,660.

The Units will be priced at $0.06 per Unit 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 for 24 months from closing.

The proceeds from this private placement will be used for exploration on the Toni 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.