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Petro-Victory Energy lists on TSX-V

2014-07-23 20:23 ET - New Listing

Petro-Victory Energy Corp.'s initial public offering (IPO) prospectus dated July 11, 2014, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, on July 11, 2014, pursuant to the provisions of the Alberta Securities Act. The receipt also evidences that the Ontario Securities Commission has issued a receipt for the prospectus.

The prospectus was filed under Multilateral Instrument 11-102, passport system, in British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the instrument have been satisfied.

The gross proceeds received by the company for the IPO were $25-million (62.5 million units at 40 cents per unit). Each unit consists of one Class A common share and one-half of one warrant. Each warrant entitles the holder to purchase one Class A common share at 50 cents per share for a period of two years from closing. The company is classified as an oil and gas company.

Commence date:  At the opening on Thursday, July 24, 2014, the common shares will commence trading on the TSX Venture Exchange.

Corporate jurisdiction:  Alberta

Capitalization:  Unlimited common shares with no par value, of which 171,965,000 common shares are issued and outstanding

Escrowed shares:  11.2 million common shares subject to a 36-month release period pursuant to exchange Policy 5.4; 61,598,333 common shares subject to a 36-month release period pursuant to NP 46-201 escrow for initial public offerings; 50,535,000 restricted voting shares subject to a 36-month release period pursuant to NP 46-201 escrow for initial public offerings

Transfer agent:  Equity Financial Trust Company

Trading symbol:  VRY

Cusip No.:  G7041T 10 5

For further information, please refer to the company's prospectus dated July 11, 2014.

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