Victory Battery Metals Corp. announced a private placement of 8,000,000 units at a price of CAD 0.05 per warrant for the gross proceeds of CAD 400,000 on January 19, 2024. Each Unit will be comprised of one common share in the capital of the company and one share purchase warrant.

Each warrant entitles the holder thereof to purchase one additional common share at a price of CAD 0.065 per common share for a period of three years following the closing date of the offering, subject to accelerated expiry as described herein. The transaction is expected to occur on or about February 28, 2024. The transaction are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.