Victoria Lake Inc. (LVCA)

[ConferredDiligence]

Just a thought...

"(LVCA:OTCBB) is pleased to announce it has closed a non-brokered private placement in the Company for 20,000,000 Units at a price of $0.15 per Unit for gross proceeds of US$3,000,000. Each Unit consists of one share of common stock and one share purchase warrant entitling the warrant holder to purchase an additional share of common stock at a price of $0.30 for a period of six months from the closing of the private placement."

My take on the 6 month dead line is to entice the PP not to hammer the market right off with bids under $0.30.