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Petro-Victory Energy Corp Announces Short Term Loan
Petro-Victory Energy Corp. (TSX-V: VRY) ("Petro-Victory" or the "Company") announces the successful completion of a borrowing transaction totaling US$500,000 (the "Loan") with an unsecured promissory note issued to 579 Max, Ltd. (the "Lender"). The Loan carries an annual interest rate of 14% and is scheduled to mature on December 22, 2026. In connection with the Loan, the Lender has been granted 1,010,882 bonus warrants (the "Warrants") having an exercise price of C$0.68 per share and an expiry
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/","length":191,"tagName":"p"},{"type":"text","content":"DALLAS, Jan. 23, 2026 /CNW/ - Petro-Victory Energy Corp. (TSX-V: VRY) ("Petro-Victory" or the "Company") announces the successful completion of a borrowing transaction totaling US$500,000 (the "Loan") with an unsecured promissory note issued to 579 Max, Ltd. (the "Lender"). The Loan carries an annual interest rate of 14% and is scheduled to mature on December 22, 2026. In connection with the Loan, the Lender has been granted 1,010,882 bonus warrants (the "Warrants") having an exercise price of C$0.68 per share and an expiry date of December 22, 2026. The Loan and issuance of Warrants remain subject to TSXV acceptance.","length":675,"tagName":"p"},{"type":"image","alt":"Petro-Victory Energy Corp. Logo (CNW Group/Petro-Victory Energy Corp.)","displaySize":"","headline":null,"caption":"Petro-Victory Energy Corp. Logo (CNW Group/Petro-Victory Energy Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":328,"url":"https://media.zenfs.com/en/cnwgroup.com/b65cf3d08ae9e03f8aca4ade4578763b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z3BC1yCvF_I2.KcpddXsKw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b65cf3d08ae9e03f8aca4ade4578763b","width":400,"height":328}},"href":"https://mma.prnewswire.com/media/2868518/Petro_Victory_Energy_Corp__Petro_Victory%C2%A0Energy%C2%A0Corp%C2%A0Announces_S.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Loan and the issuance of the Warrants each constituted a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as T. Lynn Bryant, a director and related party (as defined in MI 61-101) of the Company, is a principal of the Lender. The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters, as the Company is listed on the TSXV and ne...