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Victory announces Private Placement - appointment of CFO
Monday, 04 December 2017 17:38

Vancouver, BC – Victory Resources Corporation (the “Company”) is pleased to announce a private placement whereby the Company will raise up to $2 , 000 , 000 by issuing flow - through and non - flow - through units.

$1,000,000 in flow - through units will be issued at a deemed value of $0.20 per flow - through unit; e ach flow - through unit will consist of one common share and one - non - flow - through common share purchase warrant, each of which may be exercised for two years at a price of $0.21.

$1,000,000 in non - flow - through units will be issued at a deemed value of $0.16 per unit; each non - flow - through unit will consist of one common share and one common share purchase warrant, each of which may be exercised for two years at a price of $0.21.

This private placement remains subject to TSX - V approval.

The Company is also pleased to announce the appointment of Ms. Tatiana Kovaleva as Chief Financial Officer. Ms. Kovaleva is a Vancouver - based finance e xecutive with international and trans - border expertise . She has extensive experience in capital m arkets where for over t wenty years she has served in multiple capacities . She has acted as the Chief Financial Officer for publicly traded companies which include M Pharmaceutical Inc., Supreme Pharmaceutical Inc. and 360 Blockchain Inc. Ms. Kovaleva has utilized her specialized executive management experience in numerous public company financial matters , and she has a track record of timely and accurate financial forecasting, budgeting, reporting, using IFRS and GAAP accounting standards.

Management welcomes Ms. Kovaleva to th e Victory team.

About the Company

Victory is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties. We are presently exploring our copper pro perties located in British Columbia, Canada and our lithium project in Ontario.

We value engagement with all stakeholders and are committed to sustainable development with minimal impact on the environment.

On behalf of t he Board of Directors of Victory Reso urces Corporation.
Glen D. Harder
President & CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertaintie s not under the co ntrol of Victory Resources Corporation which may cause actual results, p J erformance 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 Regulat ion Services Provider (as that term is defined in the po J licies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.