Victory Announces Debt Settlement
Friday, 25 September 2015 20:49

Vancouver, BC – Victory Resources Corporation (the “Company”) is pleased to announce that is has agreed to debt settlements (the “Debt Settlements”) whereby it will issue up to 2,152,520 common shares (“Shares”) to creditors, at a deemed value of $0.05 per Share, to settle debts aggregating CDN$107,626.

This transaction remains subject to TSX-V approval.

 

About the Company
The Company is focused on the continued exploration of its Toni Property, which is located 30 kms southeast of Merritt and 8 kms east of the historic Aspen Grove mining camp. The 2014 IP program consisted of one 3.3 km line which was completed by Prospec MB Inc. The Company has planned a first stage drilling program of up to 1200 metres which will commence following the archeological study currently underway by the local First Nations Band. 

 

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 Corporation 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.