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VMV

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Share Name Share Symbol Market Type
TSXV:VMV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Victory Mountain Ventures Announces Entry into Frac Sand Business

27/02/2014 1:00pm

Marketwired Canada


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") announces that it
has developed a business plan that focuses on the acquisition, development and
measurement of high-quality silica fracking sand used in the Oil and Gas
Industry. Frac sand is a crush resistant material used to increase the flow of
oil and gas during hydraulic fracturing of wells.


Victory is currently performing due diligence on a number of potential
acquisitions in the silica sand space.


Director Patrick Morris, commented, "Currently Canadian Oil and Gas companies
use approximately 3.5 million tonnes of fracking sand per year, 90% of which is
imported from the mid-western United States. Our goal is to produce a local
supply of high quality frac sand in Canada for Canadian Oil and Gas companies."


The Company continues to proceed with the financing previously announced
February 18, 2014. Subject to the approval of the TSX Venture Exchange, the
Company aims to issue up to 10,000,000 non flow-through units at a price of
$0.05 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 $0.10 per share for eighteen (18) months from the date
of closing.


The proceeds of the private placement will be used to pursue opportunities to
enhance shareholder value and 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 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

"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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Victory Mountain Ventures Ltd.
Charles Desjardins
President and Director
604-683-5445
604-687-9631 (FAX)
info@victorymv.com
www.victorymv.com

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