Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla Message Board

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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla

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To: topstock who wrote (430)	2/4/1998 6:03:00 PM
From: Bruce Lock	Read Replies (1) of 822

VIP/Victory Ventures Announces Financing with Yorkton Securities Inc. VICTORY VENTURES INC. Suite 311 - 788 Beatty Street Vancouver, B.C., V6B 2M1 February 4, 1998 TRADING SYMBOL: VIP:VSE VICTORY VENTURES INC. ANNOUNCES FINANCING Victory Ventures Inc. (VIP:VSE) announces that it has arranged a financing with Yorkton Securities Inc. The financing will be an Exchange Offering Prospectus (E.O.P) and the number of units will be a minimum of 2,500,000 and a maximum of 3,300,000. The agreement contains a "greenshoe option" allowing for up to 495,000 additional units to be over allotted by the Agent at anytime within 60 calendar days after closing. Each unit will consist of one share and one warrant (the "series A warrant"). Each series A warrant will be exercisable for 12 months from the date of issue into one common share. The exercise price of the series A warrant will be equal to the offering price of the units. Subject to regulatory approval, the warrants would be listed on the Vancouver Stock Exchange. The offering price of units will be determined by the market upon closing of the E.O.P. which is subject to approval by the regulatory authorities. The total amount of proceeds will be $1,518,000 if maximum greenshoe over-allotment option is exercised and approximately $1,200,000 will be used for diamond exploration on the Company's properties in Alberta. The Agent shall be entitled to a commission of 7 «% of the gross proceeds of this offering payable upon closing. The Agent shall also be entitled to broker's warrants equal to 15% of the units sold. The exercise price of the broker's warrants will be equal to the exercise price of the series A warrants and the broker's warrants will expire on the same day as the series A warrants. For additional information contact 800-370-4412 Cdn, 800-831-2956 US, or 604-681-7210 direct. Internet web-site address is victoryventures.com. On Behalf of the Board of Directors Victory Ventures Inc. Per: Charles Desjardins, President The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.

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