Mr. Richard Gonzalez reports
PETRO-VICTORY ENERGY CORP. ANNOUNCES USD$1.0M PRIVATE PLACEMENT
Petro-Victory Energy Corp. intends to complete a non-brokered private placement offering of up to 453,333 units of the company at a price of $3 per unit for gross proceeds of up to $1.36-million.
Each unit will consist of one common share in the capital of the company and one transferable share purchase warrant entitling the holder thereof to acquire one common share at a price of $4 per share exercisable for a period of 12 months following the closing date.
The net proceeds from the offering will be used for general working capital.
The closing of the offering is expected to occur on or about Dec. 29, 2023, and is subject to regulatory approval, including approval of the TSX Venture Exchange.
About
Petro-Victory
Energy
Corp.
Petro-Victory Energy is engaged in the acquisition, development and production of crude oil and natural gas resources in Brazil.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.