|By Marketwired .||
|May 2, 2014 03:30 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/02/14 -- Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") announces 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 half of one 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 (18) months from the date of closing.
The proceeds of the private placement will be used to pursue opportunities to enhance shareholder value and 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.
The Company further reports that it has closed the non flow-through private placement previously announced February 18th 2014. The Company announced April 2nd 2014 that it had closed on a tranche in which it issued 2,850,000 units raising an aggregate of $142,500.
Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company's near term focus is to acquire, develop and measure known silica deposits suitable for production of high quality frac sand in Western Canada. Approximately 90% of frac sand used in the Canadian oil and gas industry is imported from the Midwestern United States. Victory Mountain aims to provide a domestic supply of frac sand to the relatively new shale gas industry locally. The Company also has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.
On Behalf of the Board of Directors
VICTORY MOUNTAIN VENTURES LTD.
Patrick Morris, CEO and Director
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Victory Mountain Ventures Ltd.
Nov. 29, 2015 08:45 AM EST Reads: 206
Nov. 29, 2015 08:00 AM EST Reads: 261
Nov. 29, 2015 07:00 AM EST Reads: 492
Nov. 29, 2015 06:45 AM EST Reads: 739
Nov. 29, 2015 06:00 AM EST Reads: 372
Nov. 29, 2015 06:00 AM EST Reads: 551
Nov. 29, 2015 05:00 AM EST Reads: 459
Nov. 29, 2015 04:30 AM EST Reads: 483
Nov. 29, 2015 04:00 AM EST Reads: 376
Nov. 29, 2015 03:00 AM EST Reads: 338
Nov. 29, 2015 03:00 AM EST Reads: 595
Nov. 29, 2015 02:45 AM EST Reads: 422
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 29, 2015 02:30 AM EST Reads: 500
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 29, 2015 01:00 AM EST Reads: 436
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 28, 2015 08:00 PM EST Reads: 435