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Victory Metals Announces Closing of $15.2 Million First Tranche of Private Placement and Announces $1.5 Million Second Tranche Lead Order from Crescat Capital


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IN THE UNITED STATES./
Victory Metals Inc. (TSXV:VMX)
 ( Victory or the Company ) is pleased to announce that, further to its news release dated December 4, 2020 and December 22, 2020, it has closed, subject to final approval of the TSX Venture Exchange (
TSX-V ), the first tranche of its non-brokered private placement financing (the
Private Placement ) of subscription receipts of Victory (
Subscription Receipts ). Pursuant to the Private Placement, Victory issued 27,569,702 Subscription Receipts at a price of $0.55 per Subscription Receipt (the Subscription Price ) for aggregate gross proceeds of $ 15,163,336 million. 
Highlights:
Victory originally announced that it intended to complete the Private Placement for a minimum of $8 million. On December 22, 2020 Victory announced an increase in the size of the Private Placement to approximately $17.5 million to accommodate significant excess demand. ....

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Victory Metals & Nevada King Enter Into Arrangement Agreement


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Victory Metals & Nevada King Enter Into Arrangement Agreement
December 15, 2020 GMT
Victory Metals Inc. Logo (CNW Group/Victory Metals Inc)
VANCOUVER, BC, Dec. 15, 2020 /PRNewswire/ - Victory Metals Inc. (TSX-V: VMX) (“Victory”) and Nevada King Mining Ltd. (“Nevada King”), a private B.C. company, are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) dated December 14, 2020, with respect to their previously announced “merger of equals” transaction.
Pursuant to the Agreement, Victory will acquire all of the issued and outstanding shares of Nevada King (“Nevada King Shares”) by way of statutory plan of arrangement (the “Arrangement”) whereby all of the outstanding Nevada King Shares will be exchanged for common shares of Victory (the “Victory Shares”). The shareholders of Nevada King will hold 50 ....

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