Mr. Richard Gonzalez reports
PETRO-VICTORY ENERGY CORP. EARLY WARNING NEWS RELEASE IN ACCORDANCE WITH NATIONAL INSTRUMENT 62-103
Fifteen Talents LP has acquired ownership of 1,460,172 common shares in the capital of Petro-Victory Energy Corp. through conversion of all of its restricted shares in the capital of the company. A copy of the early warning report for Fifteen Talents LP will be available under Petro-Victory's profile on SEDAR+.
Immediately prior to this purchase, Fifteen Talents LP owned and exercised control over an aggregate of 121,022 Common Shares, 1,460,172 Restricted Shares, and 375,000 Options of the Company, representing an interest of approximately 0.94% of the issued and outstanding voting securities of the Company on a non-diluted basis and 13.26% of the issued and outstanding voting securities of the Company assuming conversion of the Restricted Shares and Options.
As a result of the purchase, Fifteen Talents LP will own and exercise control over an aggregate of 1,581,194 Common Shares, 0 Restricted Shares, and 375,000 Options of the Company representing approximately 11.00% of the issued and outstanding voting securities of the Company on a non-diluted basis and 13.26% of the issued and outstanding voting securities of the Company, assuming conversion of the Options.
The Restricted Shares are convertible on a 1:1 ratio into Common Shares, at the holder's option.
Fifteen Talents LP acquired the Common Shares for personal reasons and hold its Common Shares of the Company for investment purposes. Fifteen Talents LP may in the future take such actions in respect of its holdings as it deems appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of the Company through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.
About Petro-Victory Energy Corp.
Petro-Victory Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas resources in Brazil. The company holds 100% operating and working interests in forty-one (41) licenses totaling 272,912 acres in two (2) different producing basins in Brazil. Petro-Victory generates accretive shareholder value through disciplined investments in high impact, low risk assets. The Company's Common Shares trade on the TSXV under the ticker symbol VRY.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.