VICT news out. more dilution on the way, shares issued at 40% of the pps. lol
This explains the recent price drop
Victura Construction Group, Inc. (OTC PINK: VICT), a holding company focused on strategic
acquisitions within the construction industry, announces that it has eliminated significant debt
from its balance sheet. On November 22, 2017 the Company received a Florida State court
approval of a settlement and stipulation (Case No. 2017 CA 5814) for the satisfaction Company
debt in the amount of $158,005.09 through the issuance of shares which will be exempt from
SEC registration in reliance upon Section 3 (a)(10) of the Securities Act based upon the Courts
finding. The agreement provides the shares will be issued at a 40% to the market price as defined
in the agreement, and the owner may not own more than 9.9% at the time of issuance. As part of
that agreement the Company initially reserved 2,500,000 of its shares with its stock transfer
agent as of November 22, 2017.
