Form D to Follow: Victory Resources $8000 Fundraising. Roger Frost Filed Oct 11 D Form

Victory Resources Corp - Roger Frost

Victory Resources Financing

Victory Resources Corp, Corporation just had published form D about $8,000 equity financing. This is a new filing. Victory Resources was able to fundraise $8,000. That is 100.00% of the financing round. The total private offering amount was $8,000. The financing form was filed on 2016-10-11. The reason for the financing was: Canadian Dollars.

Victory Resources is based in British Columbia – Canada. The company’s business is not disclosed. The form D was submitted by Roger Frost President, CEO & Director. The company was incorporated more than five years ago. The filler’s address is: 13236 Cliffstone Court, Lake Country, A1, British Columbia, Canada, V4v 2R1. Roger E. Frost is the related person in the form and it has address: 13236 Cliffstone Court, Lake Country, A1, British Columbia, Canada, V4v 2R1. Link to Victory Resources Filing: 000117625616000670.

Analysis of Victory Resources Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Victory Resources sold 100.00% of the offering. Could this mean that the trust in Victory Resources is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 99.74% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this financing is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Victory Resources Also

The Form D signed by Roger Frost might help Victory Resources Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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