Business
Petro-Victory Energy Corp. Announces Closing of Private Placement
Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Offering") under which it has issued 117,142 Class A common shares of the Company (the "Common Shares") at a price C$1.50 per Common Share for aggregate gross proceeds of US$125,000.
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 AVIOLATION OF U.S. SECURITIES LAWS/","length":200,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, Dec. 1, 2025 /CNW/ - Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Offering") under which it has issued 117,142 Class A common shares of the Company (the "Common Shares") at a price C$1.50 per Common Share for aggregate gross proceeds of US$125,000.","length":435,"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/c650ce118dfaf29073d9ab81eac5f5c0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2RPaQzGHa.IX2c446hNkcw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/c650ce118dfaf29073d9ab81eac5f5c0","width":400,"height":328}},"href":"https://mma.prnewswire.com/media/2835850/Petro_Victory_Energy_Corp__Petro_Victory_Energy_Corp__Announces.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The net proceeds from the Offering will be used for working capital and corporate expenses.","length":91,"tagName":"p"},{"type":"text","content":"The Common Shares issued in the Offering are subject to a statutory hold period of four months from the date of issuance expiring on March 29, 2026 in accordance with applicable Canadian securities legislation. The Offering is subject to the final acceptance of the TSX Venture Exchange ("TSXV").","length":306,"tagName":"p"},{"type":"text","content":"About Petro-Victory Energy Corp.","length":32,"tagName":"p"},{"type":"text","content":"Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The total portfolio under management as of the date of this filing includes 49 concession contracts w...