Victory Mines Limited (“Victory”, or “the Company”) is the manager and operator of joint ventures exploring for copper, nickel and rare earth elements (REE), with minor focus on uranium, platinum group elements (PGE) and gold.
Victory's corporate objectives include:
- Focussed exploration;
- Conduct exploration using a high standard of exploration methods;
- Provide additional sought after Copper and Rare Earth mineral commodities through discovery; and
- Add shareholder value through the advancement of projects
South American Tin Limited
On 5 March 2014 Victory announced that it had entered into an agreement with unlisted Australian public company South American Tin Limited ("SAT") whereby Victory will acquire 100% of SAT in exchange for 1,000,000,000 Victory shares being issued to SAT's shareholders. The acquisition remains subject to completion of satisfactory due diligence and shareholder and regulatory approvals.
On 12 September 2014, Victory issued a Prospectus for the acquisition of SAT and announced the General Meeting to be held on 17 October 2014 for shareholders to approve the acquisition.
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