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Petro-Victory Energy Corp Announces $700,000 Private Placement
Petro-Victory Energy Corp Announces $700,000 Private Placement Canada NewsWire C...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n\n\n\nPetro-Victory Energy Corp Announces $700,000 Private Placement\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\nCanada NewsWire\nCALGARY, Aug. 15, 2019\n\n\n\n/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./\n CALGARY, Aug. 15, 2019 /CNW/ - Petro-Victory Energy Corp. (TSX-V: VRY) (\"Petro-Victory\" or \"Company\") is pleased to announce that it intends to complete a non-brokered private placement offering of common shares of the Company (\"Common Share\") at a price of CAD$0.02 per Common Share for gross proceeds of up to CAD$700,000 (the \"Offering\").\n\n \n \n\n \nApproximately half of the net proceeds from the Offering will be used for final payments on certain previously announced working interest acquisitions in Brazil, and the remainder for officer salaries, director and officer insurance, payment of accrued professional fees and general working capital.\nThe Offering is being made pursuant to a waiver granted by the TSX Venture which permits the Company to offer the Common Shares at a price below the TSX Venture's CAD$0.05 minimum pricing requirement. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing. The Offering is open to all existing shareholders of the Company, and any existing shareholders interested in participating in the Offering should contact the Company pursuant to the contact information set forth below.  The Offering is expected to close on or about August 20, 2019, and the Offering is subject to TSX Venture final acceptance.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will...