RSS SubscribeMay 18, 2023
VANCOUVER, BC, CANADA (May 18, 2023) – Victory Battery Metals (CSE: VR) (FWB: VR6) (OTC: VRCFF) (“Victory” or the “Company”) is pleased to announce a private placement financing of up to 6,000,000 units of the Company (the “Units“) at a price of $0.05 per Unit for aggregate gross proceeds of up to $300,000 (the “Offering“).
Each Unit will be comprised of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.07 per Common Share for a period of two years following the closing date of the Offering, subject to accelerated expiry as described herein. If, at any time, the closing price of the Company’s Common Shares is greater than $0.20 per Common Share for 10 consecutive days, including days where there is no trading, the Company may provide written notice (a “Warrant Acceleration Notice“) to the holders that the expiry of the Warrants shall be accelerated to a date that is not less than 30 days from the date of the Warrant Acceleration Notice.