Victory Ventures Announces Flow-Through Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- Victory Ventures Inc. (TSX VENTURE: VVN)(FRANKFURT: VV0) (the "Company") announces that it intends to carry out a non-brokered private placement of up to 500,000 Units at $0.06 per Unit. Each Unit will consist of one flow-through common share and one non-transferable share purchase Warrant, each Warrant exercisable to acquire one non-flow-through common share, at $0.08 per share in the first year and at $0.10 per share in the second year.
Finders' fees equal to 10% of the gross proceeds raised, in addition to the issuance of a number of finder warrants ("Finder Warrants") equal to 10% of the number of Units issued, may be paid to finders or other third parties upon closing. 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".
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.
Howard Milne
Director
(604) 377-8994
hdmcap@shaw.ca
www.victoryventures.ca