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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 Private Placement

02/05/2014 8:30pm

Marketwired Canada


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) ("Victory") announces that it
has arranged a non-brokered private placement of up to 5,000,000 units for total
proceeds of up to $250,000; subject to the approval of the TSX Venture Exchange.



Up to 5,000,000 units will be issued as 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.


The Company further reports that it has closed the non flow-through private
placement previously announced February 18th 2014. The Company announced April
2nd 2014 that it had closed on a tranche in which it issued 2,850,000 units
raising an aggregate of $142,500. 


Victory Mountain Ventures Ltd. (TSX VENTURE:VMV) is a Junior Exploration Company
based in Western Canada. The Company's near term focus is to acquire, develop
and measure known silica deposits suitable for production of high quality frac
sand in Western Canada. Approximately 90% of frac sand used in the Canadian oil
and gas industry is imported from the Midwestern United States. Victory Mountain
aims to provide a domestic supply of frac sand to the relatively new shale gas
industry locally. The Company also has interests in Copper, Gold, Silver,
Molybdenum and other base metals in Canada.


On Behalf of the Board of Directors 

VICTORY MOUNTAIN VENTURES LTD. 

Patrick Morris, CEO 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.
Patrick Morris
info@victorymv.com
604-683-5445

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