Victory Announces Private Placements

Rhea-AI Summary

Victory Battery Metals Corp. announces a non-brokered private placement of up to $500,000 through the issuance of 10,000,000 units at $0.05 each, with each unit consisting of one share and one half a warrant. The Company may pay finder's fees in cash or securities. The net proceeds will be used for working capital requirements and general corporate purposes.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / April 16, 2024 / Victory Battery Metals Corp. (CSE:VR)(FRA:VR6) (OTC PINK:VRCFF) ("Victory" or the "Company") announces today that it will undertake a non-brokered private placement of up to $500,000 by the issuance of 10,000,000 units at $0.05, each unit consisting of one share and one half a warrant. Each whole warrant entitles the holder to additional share for 2 years at a price of $0.10.

In connection with the Offering, the Company may pay finder's fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange (the "CSE") and applicable securities laws. The common shares and warrants comprising the Units will be subject to a four-month and one-day hold period.

The Company intends to use the net proceeds of the offering for working capital requirements and other general corporate purposes.

About Victory Battery Metals

Victory is a publicly traded diversified investment corporation with mineral interests in North America. The Company's head office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8, and its Common Shares are currently listed on the CSE.

Cautionary Statement Regarding Forward-Looking Information

Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such forward-looking information can be generally identified by terms such as "may", "expect", "estimate", "anticipate", "intend", "believe", and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future, and readers are cautioned that such forward-looking statements may not be appropriate for other purposes. By its nature, this forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities may not be achieved. These risks and uncertainties include but are not limited to those identified and reported under the Company's disclosure documents available on its SEDAR+ profile at www.sedarplus.com.

Contact Information

For further information, please contact:
Mark Ireton, President
Phone: +1 (236) 317-2822 or toll-free +1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com
www.victorybatterymetals.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Victory Battery Metals Corp.

View the original press release on accesswire.com

FAQ

What is Victory Battery Metals Corp. announcing?

Victory Battery Metals Corp. is announcing a non-brokered private placement of up to $500,000.

How many units will be issued in the private placement?

10,000,000 units will be issued at $0.05 each in the private placement.

What does each unit in the private placement consist of?

Each unit consists of one share and one half a warrant.

What is the price for an additional share under the warrant?

The price for an additional share under the warrant is $0.10 for 2 years.

How long is the hold period for the common shares and warrants?

The common shares and warrants will be subject to a four-month and one-day hold period.

What will the net proceeds of the offering be used for?

The net proceeds of the offering will be used for working capital requirements and other general corporate purposes.