Victory Mountain Ventures Announces Private Placement

March 21, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: 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 whole 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 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.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

 

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Victory Mountain Ventures Cancels Private Placement

March 20, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) reports that it is canceling the non-brokered private placement of up to 10,500,000 units for total proceeds of up to $2,500,000 previously announced November 22, 2012.

The Company also reports that it will not be proceeding with the Option Agreement with Klondike Silver Corp, previously announced January 8, 2013, to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – info@victorymv.com or 604-683-5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

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Victory Mountain Ventures Executes Agreement to Option a portion of the Silver Slocan Mining Camp, British Columbia

January 8, 2013: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce that it has executed a formal Option Agreement ( the “Agreement”) with Klondike Silver Corp. (TSX-v symbol: KS) (“Klondike”) to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.

The primary exploration focus will be on the silver-lead-zinc expansion potential to the west of the Silvana Mine located centrally in the Silver Slocan Mining Camp. The map provided at this link (http://victorymv.com/prospective-horizon/) illustrates the exploration potential between Klondike’s Silvana Mine and the Mammoth Mine which is along strike to the west. The area labeled as the “Prospective Horizon” is where exploration will be focused as the existing underground mine structure will allow for underground drilling to explore the western extension potential.

The second land package offered in the Agreement are the Cody Creek claims located to the northeast and is believed to be along the same strike as the Silvana Mine. Cody Creek has excellent access and exploration potential containing several past producing mines.  (Please refer to the Assessment Report at the following link:

http://aris.empr.gov.bc.ca/ArisReports/31556.PDF)

With the advantage of modern exploration techniques in this historically productive mining camp, the parties are hoping to discover new deposits and develop past producing mines in the Slocan Mining Camp.

Option Agreement Terms:

For Victory to acquire a 50% right, title and interest on the Silvana West and Cody Creek claims, it must make an initial cash payment of $75,000 upon TSX Venture Exchange approval, issue 2,000,000 shares to Klondike and incur $3,750,000 dollars in exploration costs over a three year period broken down as follows;

Date/Anniversary Shares issued to Klondike Cash issued to Klondike Victory’s Total Project Interest
Exchange approval $75,000
Exchange Approval 500,000
Year 1 500,000
Year 2 500,000
Year 3 500,000 50%
Total 2,000,000 $75,000 50%

Incur a minimum in Expenditures for exploration and development work on the property of $3,750,000 as follows:

(i) $1,000,000 of Expenditures on or before the first anniversary Regulatory Approval of this Agreement was received;

(ii) a cumulative total of $2,250,000 of Expenditures on or before the second anniversary Regulatory Approval of this Agreement was received; and

(iii)     a cumulative total of $3,750,000 of Expenditures on or before the third anniversary Regulatory Approval of this Agreement was received.

Under the Agreement, Victory will also be entitled to a royalty payment equal to 50% of the net profit received from the sale of any newly discovered resources should exploration prove successful.  Any cash payments due to Victory will be credited toward the Expenditure requirements under the Agreement until the option has been satisfied.  All agreements will be subject to TSX Venture Exchange approval.

If Victory exercises the option, Klondike agrees that it will grant to Victory a further twenty-five percent (25%) interest in and to the property on terms and conditions to be agreed upon between the parties and subject to a further option agreement between the parties.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Investor Relations – info@victorymv.com

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

 

 

 

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Victory Mountain Ventures Enters Loan Agreement

November 27, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) reports that it has arranged a loan from arm’s length parties in the principal amount of $250,000 (the “Loan”) pursuant to promissory notes (the “Notes”) to be issued to the Lender as security for the Loan.

The Loan will bear interest at 1% per month on the principal amount and will be used for working capital of the Company until the closing of a financing can be completed to repay the Loan.

In consideration of the Loan, the Company has agreed to issue to the lenders 187,500 common shares of the Company as bonus shares (the “Bonus Shares”) to be received on or before the 10th day following the acceptance of the TSX Venture Exchange.  The Loan is also subject to a 7.5% finders fee.

The Loan, Notes and issuance of the Bonus Shares are subject to the acceptance of the TSX Venture Exchange.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.  For additional information please contact Charles Desjardins – Telephone: (604) 683 5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

 

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Victory Mountain Ventures Announces Private Placement

November 22, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) announces that it has arranged a non-brokered private placement of up to 10,500,000 units for total proceeds of up to $2,500,000, subject to the approval of the TSX Venture Exchange.

Up to 2,500,000 units will be issued as non flow-through units at a price of $0.20 per unit consisting of one common share and one whole warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.25 per share for eighteen (18) months from the date of closing.

Up to 8,000,000 units will be issued as flow-through units at a price of $0.25 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 $0.30 per share for eighteen (18) months from the date of closing.

The proceeds of the private placement will be used for exploration and 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.

 Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.  For additional information please contact Charles Desjardins – Telephone: (604) 683 5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

 

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Victory Mountain Ventures Signs Binding Letter of Intent to Option a portion of the Silver Slocan Mining Camp, British Columbia

November 19, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) (“Victory”) is pleased to announce that it has executed a binding Letter of Intent (LOI) with Klondike Silver Corp. (TSX-v symbol: KS) (“Klondike”) to option a portion of the Silver Slocan Mining Camp located in south eastern British Columbia.  The parties agree to use their best efforts to execute a definitive Option Agreement within 15 days.

The Agreement will allow Victory to acquire an initial 50% interest in the Silvana West and the Cody Creek claims by making payments to Klondike and incurring exploration expenditures over a three year period.  At the sole discretion of Klondike, Victory will be able to earn an additional 25% of the project by making a lump sum payment of cash and shares to Klondike

Under the Agreement, Victory will also be entitled to a royalty payment equal to 50% of the net profit received from the sale of any newly discovered resources should exploration prove successful before the three year option has been satisfied.  All agreements will be subject to TSX Venture Exchange approval.

The primary exploration focus will be on the silver-lead-zinc expansion potential to the west of the Silvana Mine located centrally in the Silver Slocan Mining Camp. As part of the Option Agreement, Victory and Klondike will form a management committee to oversee all the exploration activities on the property, with Klondike being the operator.

The map provided at this link (http://www.klondikesilver.com/i/maps/longitude.jpg) illustrates the exploration potential between Klondike’s Silvana Mine and the Mammoth Mine which is along strike to the west. The area labeled as the “Prospective Horizon” is where exploration will be focused as the existing underground mine structure will allow for underground drilling to explore the western extension potential.

The second land package offered in the option agreement are the Cody Creek claims located to the northeast and is believed to be along the same strike as the Silvana Mine. Cody Creek has excellent access and exploration potential containing several past producing mines.  (Please refer to the Assessment Report at the following link:

http://aris.empr.gov.bc.ca/ArisReports/31556.PDF)

With the advantage of modern exploration techniques in this historically productive mining camp, the parties are hoping to discover new deposits and develop past producing mines in the Slocan Mining Camp.

Option Agreement Terms:

For Victory to acquire a 50% right, title and interest on the Silvana West and Cody Creek claims, it must make an initial cash payment of $75,000 upon signing and then pay 2,000,000 shares to Klondike and incur $3,750,000 dollars in exploration costs over a three year period broken down as follows;

 

Date/Anniversary Expenditures Incurred by Victory Shares issued to Klondike Cash issued to Klondike Victory’s Total Project Interest
Signing $75,000
Approval 500,000
Year 1 $1,000,000 500,000
Year 2 $1,250,000 500,000
Year 3 $1,500,000 500,000 50%
Total $3,750,000 2,000,000 $75,000 50%

At the sole discretion of Klondike, Victory will be able to earn an additional 25% of the project by making a lump sum payment of $5,000,000 and issuing 5,000,000 common shares of Victory to Klondike.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

For additional information please contact Charles Desjardins – charles@victorymv.com

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

 

Cautionary note:

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.

 

 

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Victory Mountain Ventures Closes Private Placement

November 16, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) announces that it has closed the second and final tranche of a non-brokered private placement originally announced July 30th 2012.  The Company had previously announced on September 5th 2012 that it had closed the first tranche consisting of 3,340,000 units at a price of $0.15 for total proceeds of $501,000.

In the second and final tranche, the Company issued 400,000 non-flow through units at a price of $0.15 per unit for total proceeds of $60,000.  Each unit consists of one common share and one share purchase warrant which entitles the holder to purchase one additional common share of the company at a price of $0.22 per share until November 15, 2014.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring March 16, 2013.  The proceeds of the private placement will be used for general working capital.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.  For additional information please contact Charles Desjardins – Telephone: (604) 683 5445.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

“Charles Desjardins”

Charles Desjardins

President 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.”

Cautionary note:

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.

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Victory Mountain Ventures Closes First Tranche of Private Placement

September 5, 2012: Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) announces that the first tranche, with respect to the non-brokered private placement announced on July 30, 2012, has closed. The Company has raised $501,000 at a price of $0.15 per unit.

A total of 3,340,000 units at a price of $0.15 per unit were issued as non-flow-through units consisting of one common share and one share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the company at a price of $0.22 per share until August 30, 2014.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring December 30, 2012. The proceeds of the private placement will be used to pay off the loan plus interest ($257,500) received by the Company in June 2012 and for general working capital.

The following pros participated in the private placement;

Pro group: Kerry Chow 200,000 units, Jacqueline Chow 150,000 units, Roberto Chu 152,000 units, Judy Chu 100,000 units.

Finders’ fees: Haywood Securities Inc. – $46,500 cash and 310,000 Broker warrants convertible into units of the Company at an exercise price of $0.15 until expiration on August 30, 2013. Each unit comprises one share and one warrant exercisable at $0.22 until August 30, 2014.

The Company further reports that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 425,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.18 per share.

Victory Mountain Ventures Ltd. (TSX-V symbol: VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

Charles Desjardins, President and Director

Cautionary note:

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.

“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.”

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Victory Mountain Ventures Issues Bonus Shares

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 14, 2012) - Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) reports that it has received TSX Venture Exchange approval to issue 250,000 common shares of the Company as bonus shares (the “Bonus Shares”) resulting from the $250,000 loan the Company received in May 2012.

The Loan will bear interest at 1% per month on the principal amount and will be used for working capital of the Company until the closing of a financing can be completed to repay the Loan. The Loan was also subject to a 7.5% finders fee, which has been paid by the Company.

Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company based in Western Canada. The Company has interests in Copper, Gold, Silver, Molybdenum and other base metals in Canada.

On Behalf of the Board of Directors

VICTORY MOUNTAIN VENTURES LTD.

Charles Desjardins, President and Director

Cautionary note:

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.

“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.”

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