PRESS RELEASE:
VICTORY VENTURES INC ("VIP-V") ARCTURUS RESOURCES LTD ("ATQ-V") - Victory Issues 100,000 Shares To Arcturus Resources Ltd.
Charles Desjardins, President of Victory Ventures Inc. announces that it has issued 100,000 to Arcturus Resources Ltd. as initial consideration for the acquisition of the Caldera No. 8 and Caldera No. 12 Properties located in Zacatecua State, Mexico. The 100,000 issued to Arcturus Resources Ltd. are not subject to a hold period.
The Company also announces that it has issued 601,706 common shares in the capital stock of the Company to certain creditors of the Company at a deemed price of $0.15 per share to settle debts of the Company totalling $90,255.97. 507,491 of the common shares are not subject to any hold periods. The remaining common shares are subject to hold periods as follows:
No. of Shares Hold Period Expiry Dates
32,973 October 3, 1998
3,136 October 10, 1998
58,106 November 7, 1998
TEL: (604) 681-7210
Charles Desjardins, President FAX: (604) 681-7213
Victory Ventures Inc. |
