Non-Renounceable Entitlement Offer of Options

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    VIC - Victory Mines Announces Non-Renounceable Entitlement Offer of Options

    Victory Mines announced it has resolved that the Company will make the pro rata non-renounceable offer of options referred to in the Prospectus dated 4 July 2012 earlier than expected and now offer up to 17.15m New Options at an issue price of $0.01 each. Each New Option will be exercisable at $0.20 on or before 5:00pm (WST) on 9 April 2015. The Offer will be made to Victory shareholders on a basis of one New Option for every four Shares held at 5.00pm (WST) on 27 November 2012 (Record Date). Acceptance close at 5pm WST 12 December 2012.

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