- Yesterday, Victory Mines (VIC) requested a trading halt prior to the release of an announcement regarding an acquisition and capital raising
- While not aligned with the anticipated news, Victory today announced the three-month extension of Technical and Marketing Consultant Rob Mosig’s contract
- Earlier this year, Rob was appointed the to the role to oversee project activities
- As part of the extension, Rob has received 10 million unlisted options to subscribe for company shares
- Shares are exercisable at 0.2 cents each on or before December 24, 2024
- Victory Mines is still in a trading halt with shares last trading at 0.1 cents each on June 26
Yesterday, Victory Mines (VIC) requested a trading halt of its securities prior to the release of an announcement regarding an acquisition and capital raising.
The trading halt is expected to be lifted when the announcement is made, which is anticipated to be before the commencement of normal trading on Wednesday, July 1, 2020.
While not aligned with news of an acquisition or capital raising, Victory today announced the three-month extension of Technical and Marketing Consultant Rob Mosig’s contract.
On February 5, the WA-based miner announced Rob’s appointment for a six month period beginning in January and ending in June.
He was appointed to consult and oversee the company’s Bonaparte Project in the Kimberley region of Western Australia and the Malamute Project in New South Wales.
Rob is a geologist and has over 40 years of corporate, technical and marketing experience in mining and exploration. He was previously the founding Managing Director of Helix Resources (HLX) and Platina Resources (PGM).
As outlined in the original announcement, Rob has received the 10 million unlisted options to subscribe for shares in the company, which are exercisable at 0.2 cents each on or before December 24 2024.
Victory Mines is still in a trading halt, with shares last trading at 0.1 cents each on June 26.