Victory Ventures Announces Private Placement
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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/25/13 -- Victory Ventures Inc. (the "Company") (TSX VENTURE: VVN)(FRANKFURT: VV0) announces that it intends to carry out a non-brokered private placement of up to 3,000,000 Units at $0.05 per Unit. Each Unit will consist of one common share and one share purchase Warrant, each Warrant exercisable to acquire an additional common share at $0.10 per share for a period of two years.
A cash finders' fee, as well share purchase warrants ("Finder Warrants") equal to 10% of the proceeds raised may be paid to qualified finders. The Finder Warrants shall contain the same terms and conditions as the Warrants issued to investors.
On behalf of the Board of Directors:
Howard Milne, Director
Victory Ventures Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of precious metal properties in North America. The Company's Shares are listed and posted for trading on the TSX Venture Exchange under the symbol "VVN" and on the Frankfurt Exchange under the symbol "VV0".
HST#840156459RT0001
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Victory Ventures Inc.
(604) 377-8994
hdmcap@shaw.ca
www.victoryventures.ca