Victory Resources Announces Extension of Warrants
Victory Resources Corporation has extended the expiry date of 886,667 previously issued warrants by two years, now set to expire on November 12, 2023. Initially issued on November 12, 2019, these warrants allow holders to purchase common shares at an unchanged price of $0.50. This move aims to enhance the company's financial flexibility while maintaining existing terms for investors.
- Extension of warrant expiry date provides additional time for investors to exercise their options, potentially stabilizing market confidence.
- Warrants allow investors to purchase shares at a fixed price, offering potential upside if the company's stock performs well.
- Extending the expiry of warrants could indicate a lack of immediate investor confidence in exercising them within the original timeframe.
VANCOUVER, BC / ACCESSWIRE / September 2, 2021 / Victory Resources Corporation (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that it has extended the expiry date of an aggregate of 886,667 previously issued warrants (the "Warrants") for an additional 2 years. The Warrants were originally issued November 12, 2019, with an original expiry date of November 12, 2021. The 886,667 Warrants entitle the holder to purchase a common share of the Company at an exercise price of
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also currently seeking other exploration opportunities, preferably in Canada.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822
E-mail: IR@victoryresourcescorp.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Resources Corporation
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FAQ
What is the significance of Victory Resources Corporation extending the expiry date of its warrants?
How many warrants were extended by Victory Resources Corporation and what is the new expiry date?
What is the exercise price of the warrants issued by Victory Resources Corporation?
When were the warrants originally issued for Victory Resources Corporation?
