RSS SubscribeMarch 10, 2023
VANCOUVER, BC, CANADA (March 10, 2023) – Victory Battery Metals (CSE: VR) (FWB: VR6) (OTC: VRCFF) (“Victory” or the “Corporation”) is pleased to announce that it has closed its previously announced non-brokered Flow-Through Unit Private placement (the “Financing”). The Corporation raised proceeds of $150,000 through the sale of 1,250,000 Units.
Pursuant to the terms of the Financing, each Flow-Through Unit is offered at a subscription price of $0.12 per Flow-Through Unit. Each Flow-Through Unit is comprised of one common share and one common share purchase warrant. Each Flow Through warrant (the “FT Warrant”) entitles the holder thereof to purchase one non flow-through common share at $0.15 for a period of 2 years from the date of issue. If, at any time, the closing price of the Corporation’s Common Shares is greater than $0.20 per Common Share for 10 consecutive days, including days where there is no trading, the Corporation may provide written notice (a “Warrant Acceleration Notice”) to the holders that the expiry of the FT warrants shall be accelerated to a date that is not less than 30 days from the date of the Warrant Acceleration Notice.