The common shares are subject to a four-month and one-day hold period.
The Company advised that when originally signed, the agreement was an arms length transaction, but the Yellow Chief. CEO subsequently became the CEO of the Company. If the transaction were to be classifed as a related party transaction, the Company would note that as such participation was less than 25% of the market capitalization of the Company at the time, the Company would rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.
About Victory Battery Metals
Victory is a publicly traded diversified investment corporation with mineral interests in North America. The Company’s head office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8, and its Common Shares are currently listed on the CSE.
Contact Information
For further information, please contact:
David Stadnyk, President
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Leave a Reply