Symbol:-TSX-V:VR
OTCQX:VRCFF
VANCOUVER,
March 20, 2013 /PRNewswire/ -
VICTORY RESOURCES CORPORATION (the "Company") is
pleased to announce the results of the annual general and special
meeting (the "Meeting") of shareholders that was held on
March 18, 2013.
19,180,849 votes were cast by proxy for a total
of 25.4% of the Company's issued and outstanding share capital,
giving Management almost unanimous support for all resolutions
presented.
At the Meeting, Company shareholders re-elected
as directors Messrs. Wally Boguski,
Laurence Sookochoff, Paul Lee and Alphonse
Ruggiero. Mackay LLP, Chartered Accountants, was
appointed as the auditor.
Mr. Boguski was reappointed as Chief Executive
Officer and President and Mr. Sookochoff was appointed as the Chief
Financial Officer and Secretary. The Company's Audit Committee is
comprised of Messrs. Sookochoff, Ruggiero and Lee.
The Company's stock option plan was renewed, and
by a special resolution, the alteration of the Company's authorized
capital from 100,000,000 common shares to an unlimited number of
common shares without par value was approved by shareholders.
About Victory Resources Corporation
The company's main focus is on the Reforma property located at the common
boundary of Sinaloa and Chihuahua
States in west central Mexico. The
concessions cover a total area of 7,226 hectares. Victory Resources
has a 70% undivided interest in the Reforma property as part of an option
agreement. Formally owned by Penoles in Mexico, documentation showed that between the
years 1968 to 1980, the Reforma
mine processed 1.8 million tonnes grading an average of 91.62 grams
per tonne Ag, 1.90 per cent Pb, 7.44 per cent Zn and 0.63 per cent
Cu.
The company has also begun exploration work on
the Au-Wen property in British Columbia,
Canada. The Au-Wen property is 100 % owned by Victory
Resources and is located 30 kilometers southeast of Merritt and 8 kilometers east of the historic
Aspen Grove mining camp in
south-central British Columbia,
Canada. The property is comprised of 91 mineral claims
covering an area of 34,200 hectares. The area covered is up to 39
kilometres long and up to 21 kilometres wide.
On behalf of The Board of Directors of Victory
Resources Corporation.
Wally E.
Boguski,
President, CEO, director
This news release contains certain forward
looking statements which involve known and unknown risks, delays,
and uncertainties not under the control of Victory Resources Corp.
which may cause actual results, performance or achievements of
Victory Resources Corporation to be materially different from the
results, performance or expectation implied by these forward
looking statements.
Neither 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 press release, which has been
prepared by management.
SOURCE Victory Resources Corporation
