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Victory Mountain Ventures Ltd Announces Private Placement


Thursday, 21 Mar 2013 01:20pm EDT 

Victory Mountain Ventures Ltd announced that it has arranged a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $250,000; subject to the approval of the TSX Venture Exchange. Up to 5,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen months from the date of closing. The proceeds of the private placement will be used for general working capital. Finder's fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering. 

Company Quote

0.04
-0.0050 -11.11%
28 Jul 2014