VANCOUVER, BC, CANADA (June 5th, 2019) – Victory Resources Corp., (CSE – VR) (FWB: VR61) (OTC PINK: VRCFF) ("Victory" or the "Company") is pleased to announce that it is undertaking the split of its issued and outstanding Common shares (“Shares”) on the basis of four (4) Shares for each existing Share held. Each shareholder of record of the Company as of the close of business on the Record Date will receive three additional Shares for each Share held on such date and the Company will use the “push out” method. The Record Date is June 7, 2019. On the Effective Date, Victory’s Shares will begin trading on a split basis (ex-distribution) which will be the trading day before the Record Date. The “mailing/payable” date will be 3 business days following the Record Date, currently targeted to be June 12, 2019. Upon completion of the split, there will be approximately 97,060,936 shares issued and outstanding. All convertible securities will be adjusted for the split as at the Effective Date. The Company will not be changing its name, Cusip or its current trading symbol in connection with the split. The number of authorized shares of common stock and the par value per share will remain unchanged. Management of the Company believes that the stock split will make the stock more attractive to a larger portion of the investing community.
For further information, please contact:
David Lane, President
Telephone: +1 (236) 317 2822
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded junior mining corporation with interests in North America. The company is currently developing its existing operation in South Central British Columbia. The company is also currently seeking other opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.