VANCOUVER, March 20, 2013 /CNW/ - 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,
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
For further information:
Please contact Wally Boguski at 604-580-9605