Ann: New Copper Gossan Discovery & Gravity Survey Underway, page-10

ASs per update 17 nov 17

INFORMATION REQUIRED UNDER ASX LISTING RULE 3.10.5A
Further to the Appendix 3B announced on 17 November 2017 for the issue of 45,754,995 fully paid ordinary shares that have been issued at $0.007 Victory Mines Limited (ASX: VIC) (‘Company’) provides the following information required under ASX Listing Rule 3.10.5A.
Details of issue under 10% Placement Facility (LR 7.1A)
a) The dilutive effect of the issue on existing shareholders is as follows: Number of shares on issue prior to the share issue: 447,941,961.
Number of shares on issue following the share issue: 493,696,956.
b) The Company issued the shares under Listing Rule 7.1A, as it believed this was the most efficient mechanism for raising funds at the time.
c) No underwriting arrangements were in place for the share issue.
d) The Company may pay commission of up to 6% on the funds raised.