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Gold/Mining/Energy : Victory Ventures
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To: Mike Leonard who wrote (1)9/16/1997 1:05:00 AM
From: Patrick Franchuk   of 15
 
$312,000 private placement

Victory Ventures Inc
VIP
Shares issued 7328381
1997-09-11 close $0.35
Friday Sep 12 1997
Mr Charles Desjardins reports
The company has reached agreement in principle subject to completion
of documentation with a numbered Alberta company, an arm's length
entity, to acquire two separate blocks of claims, one block being
northeast of the Buffalo Head Craton and one block to the east of the
Buffalo Head Craton in the Lower Slave Lake area in the province of
Alberta. A 2% net overriding royalty is payable on each property to the vendor.
To finance the acquisition, the company has agreed to a private
placement of $312,000 being 1,200,000 units at $0.26. Each unit
consists of one share and one warrant entitling the holder to buy an
additional share for a period of two years at $0.50.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com
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