On January 29, 2019, Victory Resources Corporation (TSXV:VR) closed the transaction. The company issued 10,525,000 units for gross proceeds of CAD 1,052,500. The securities issued in the transaction are subject to trading restrictions until May 30, 2019. The company paid finders fees to qualified finders in the amount of CAD 69,400 and issued 694,000 brokers warrants with respect to the transaction. The transaction was oversubscribed. The transaction included participation from 46 placees including insider George Tsafalas for 50,000 shares and a professional group for 1,660,000 shares. The company paid CAD 28,000 in cash as finder’s fees to Canaccord Genuity Corp., CAD 12,800 to Haywood Securities Inc., and CAD 28,600 to Mackie Research Capital Corporation and issued 280,000 finder’s warrants to Canaccord Genuity Corp., 128,000 warrants to Haywood Securities Inc., and 28,600 warrants to Mackie Research Capital Corporation. TSX Venture Exchange has accepted for filing documentation for the transaction.