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Petro-Victory Energy Corp Closes USD$4 Million Private Placement
Petro-Victory Energy Corp Closes USD$4 Million 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 Closes USD$4 Million 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.prntac{\nTEXT-ALIGN: CENTER\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 28, 2023\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is pleased to announce that the private placement of units (the \"Units\") announced on\n \n March 16, 2023\n \n , as amended according to the announcement on\n \n March 21, 2023\n \n , (the \"Private Placement\") has now closed.\n \n \n \n \n \n \n \n \n \n The Company issued 1,828,960 Units at a price of\n \n CAD$3.00\n \n , for gross ‎proceeds of\n \n CAD$5,486,880\n \n \n (US$3,976,000)\n \n . The Units comprised of: (i) one common share in the capital of the Company (a \"Common Share\"), (ii) one ‎‎transferable share purchase warrant entitling the holder thereof to ‎acquire one Common Share at ‎‎a price of\n \n CAD$4.00\n \n per share (a \"Warrant\"). The rights under the Warrants will last for a period of ‎‎twelve (12) months ‎following the closing date.‎\n \n \n The Private Placement remains subject to TSXV final acceptance.\n \n \n All securities issued in connection with the Private Placement will not be able to be traded in\n \n Canada\n \n , or ‎through the facilities of the TSXV, for a period of four months and one day ‎from the date of closing.‎\n \n \n \n \n About\n \n \n Petro-Victory\n \n \n Energy\n \n \n Corp.\n \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 prod...