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Richard Gonzalez Sells 6.4 Million Shares of Petro-Victory Energy Common Stock
Richard Gonzalez Sells 6.4 Million Shares of Petro-Victory Energy Common Stock Can...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n\n\n\nRichard Gonzalez Sells 6.4 Million Shares of Petro-Victory Energy Common Stock\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, Dec. 28, 2017\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\nCALGARY, Dec. 28, 2017 /CNW/ - Richard Gonzalez, Executive Chairman of Petro-Victory Energy Corp. (TSX-V: VRY), (\"Petro-Victory\" or the \"Company\"), has announced that he has sold 6,400,000 shares of voting common stock (the \"Common Shares\") of the Company by way of a private agreement, at a price of Cdn. $.03 per share for aggregate consideration of Cdn. $192,000.\n\n\n \n \n\n \nThe 6,400,000 Common Shares sold represent approximately 2.4% of the outstanding Common Shares of the Company (assuming conversion of all restricted voting shares). Prior to this transaction, Gonzalez held 36,310,912 Common Shares and 52,135,746 Restricted Voting Shares of the Company representing approximately 20% of the issued and outstanding voting securities of the Company on a non-diluted basis and 33% of the issued and outstanding securities of the Company, assuming conversion of the Restricted Voting Shares.\n\nThe restricted voting shares are convertible on a 1:1 ratio into Common Shares, at the holder's option.\n\nGonzalez now holds 29,910,912 Common Shares and 52,135,746 Restricted Voting Shares of the Company representing approximately 17% of the issued and outstanding voting securities of the Company on a non-diluted basis and 31% of the issued and outstanding securities of the Company, assuming conversion of the Restricted Voting Shares.\n\nFor further information or to obtain a copy of the report to be filed on SEDAR in respect of such transaction, please contact:\n\nRichard Gonzalez, Executive Chairman\n\[email protected] \n\nRichardson, TX  USA\n\nCautionary Note\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as tha...