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Petro-Victory Energy Corp. Announces USD$2.7M Private Placement
Petro-Victory Energy Corp. Announces USD$2.7M Private Placement Canada NewsWire ...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Energy Corp. Announces USD$2.7M Private Placement\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 \n \n \n \n \n \n Canada NewsWire\n \n \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 \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 16, 2023\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is pleased to announce that it intends to complete a non-brokered private placement offering of 1,249,360 units of the Company (\"Units\") at a price of\n \n CAD$3.00\n \n per Unit for gross proceeds of up to\n \n CAD$3.748M\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n ‎Each unit will consist of one common share in the capital of the Company (a \"Common Share\") and one transferable share purchase ‎warrant (a \"Warrant\") entitling the holder ‎thereof to ‎acquire one Common Share at a price ‎of\n \n CAD$4.00\n \n per ‎share exercisable for a period of ‎twelve (12) months ‎following the closing date.\n \n \n The net proceeds from the Offering will be used for general working capital.\n \n \n The closing of the Offering is expected to occur on or about\n \n March 23, 2023\n \n , and is subject to ‎regulatory approval, including approval of the TSXV.\n \n \n \n About Petro-Victory Energy Corp.\n \n \n \n Petro-Victory Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas resources in\n \n Brazil\n \n . The company holds 100% operating and working interests in thirty-eight (38) licenses totaling 257,604 acres in two (2) different producing basins in\n \n Brazil\n \n . Petro-Victory generates accretive shareholder value through disciplined investments in high-impact, low-risk assets. The Company's Common Shares trade on the TSX Venture Exchange (\"TSXV\") under the ticker symbol VRY.\n \n \n \n Cautionary No...