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Petro-Victory Energy Corp. Increases Private Placement to US$4 Million
Petro-Victory Energy Corp. Increases Private Placement to US$4 Million Canada NewsWire ...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Energy Corp. Increases Private Placement to US$4 Million\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 21, 2023\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is pleased to announce that, further to its News Release dated\n \n March 16, 2023\n \n , it has increased the size of its non-brokered private placement of units (\"Units\") from up to\n \n US$2.7 million\n \n to\n \n US$4 million\n \n (the \"Offering\").‎ ‎\n \n \n \n \n \n \n \n \n \n ‎Each Unit will be priced at\n \n CAD$3.00\n \n per Unit and will consist of one common share in the capital of the Company (a \"Common Share\") and one transferable common 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. The Corporation reserves the right to further increase the Offering to\n \n US$5 million\n \n .\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 \n \n About\n \n \n Petro-Victory\n \n \n Energy\n \n \n Corp.\n \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 producing basins in\n \n Brazil\n \n . Petro-Victory generates accretive sharehol...