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Petro-Victory Early Warning News Release in Accordance with National Instrument 62-103
Petro-Victory Early Warning News Release in Accordance with National Instrument 62-103 ...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Early Warning News Release in Accordance with National Instrument 62-103\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n \n \n \n CALGARY, AB\n \n ,\n \n Sept. 24, 2021\n \n /CNW/ - Petro-Victory Energy Corp. (\"\n \n Petro-Victory\n \n \" or the \"\n \n Company\n \n \") (TSXV: VRY) announces that on\n \n September 23, 2021\n \n (the \"\n \n Closing Date\n \n \"), 579 Max, Ltd. (\"\n \n 579 Max\n \n \"), acquired ownership of ‎887,625 Class A shares in the capital of Petro-Victory (\"\n \n Common Shares\n \n \") through the exercise of warrants at exercise prices between\n \n CAD$2.00\n \n /share and\n \n CAD$2.20\n \n /share.‎ PPF 12, LLC (\"\n \n PPF 12\n \n \") acquired ownership of 2,289,694 Class B shares in the capital of Petro-Victory (\"\n \n Restricted Voting Shares\n \n \") in exchange for a\n \n US$12,010,000\n \n promissory note (\n \n CAD$14,848,665\n \n , or\n \n CAD$6.48\n \n /share). A copy of the early warning report for 579 Max and PPF 12 will be available under Petro-Victory's profile on SEDAR.\n \n \n \n \n \n \n \n \n \n Immediately prior to the exercise of the warrant, 579 Max owned and exercised control over an ‎aggregate of 1,322,500 Common Shares and 0 Restricted Voting Shares of the Issuer, ‎representing an interest of approximately 16.02% of the issued and outstanding voting ‎securities of the Issuer on a non-diluted basis and 14.35% of the issued and outstanding ‎securities of the Issuer assuming conversion of the Restricted Voting Shares.‎\n \n \n As a result of the exercise, 579 Max will own and exercise control over an aggregate ‎of 2,210,125 Common Shares and 0 Restricted Voting Shares of the Company ‎representing approximately 24.18% of the issued and outstanding voting secur...