Petro-Victory Energy Corp. announces that it has borrowed US$250,000 and issued an unsecured promissory note to an arm's length third party . The Loan bears interest at an annual rate of 14% per annum until maturity and 18% per annum thereafter. The Lender will be issued 285,360 bonus warrants in connection with the Loan, with each Warrant being exercisable at CAD$1.25 per common share on or before March 26, 2026. The [...]
Built to Win in Volatile Markets: Strategic Partnerships Drive Scalable Growth Opportunities Petro-Victory Energy Corp. , an oil and gas exploration and production company focused on onshore Brazil, provided an update on its recent strategic milestones, including transformative partnerships and acquisitions that are accelerating the Company's growth and unlocking significant shareholder value. Richard F. Gonzalez, CEO of [...]
Petro-Victory Energy Corp. announces that, further, to press release dated October 6, 2022 and February 14, 2024, that the Company has extended the term of a US$1.7 million of secured financing from 579 Max, Ltd. . The financing bears interest payable quarterly at the rate of 14% per annum. The note was due March 31, 2025, but has been extended by 12 months to March 31, 2026 . In connection with the original financing [...]
Petro-Victory Energy Corp. is pleased to announce it has entered into an investor relations agreement with Alliance Advisors Investor Relations to provide the Company with investor relations services, with a primary focus on developing and managing an investor relations and communications program, including PR/media, social media and stakeholder relations. "As Petro-Victory continues to execute on its high-growth strategy [...]
Petro-Victory Energy Corp. and BlueOak Investments have signed a sale and purchase agreement to acquire Capixaba Energia LTDA, a fully integrated onshore Brazilian production company with strong financials and near-term growth potential. The transaction is expected to close in the second quarter of 2025. Key Acquisition Highlights Strategic Growth Hub: Capixaba Energia generates strong cash flow and owns critical [...]
Petro-Victory Energy Corp. is pleased to announce it intends to extend the exercise period for 1,205,350 common share purchase warrants issued on February 27, 2024 and 1,851,960 common share purchase warrants issued on March 28, 2023 , all of which are exercisable at CAD $4.00 per common share. The Warrants were issued pursuant to two separate private placement of units of the Company at a price of CAD $3.00 per Unit. The [...]
Petro-Victory Energy Corp. , pursuant to the press release dated December 17th, 2024, is pleased to announce the signing of a sale purchase agreement , in a 50/50 partnership with Azevedo & Travassos Petroleo , for the acquisition of 13 oil fields denominated as Polo Porto Carão and Polo Barrinha from 3R RNCE S.A. and 3R Potiguar S.A., subsidiaries of Brava Energia S.A. Key Highlights of the Acquisition Oil Fields: 13 oil [...]
Petro-Victory Energy Corp. announces that it has borrowed an aggregate US$500,000 and issued unsecured promissory notes to 579 Max, Ltd., Richard Gonzalez, Thomas Cooper, and an arm's length third party . Each Loan bears interest at an annual rate of 14% per annum until maturity and 18% per annum thereafter. Each Lender was issued bonus warrants exercisable at CAD$0.86 as set out below. Lender Loan Amount Maturity No. of [...]
Petro-Victory Energy Corp. is pleased to announce a strategic partnership with Blue Oak Investments and the signing of a term-sheet to form a new Special Purpose Vehicle aimed at acquiring Exploration and Production assets and companies in Brazil and Latin America. Under this partnership, Blue Oak will provide the capital, while Petro-Victory will operate and develop the acquired assets. About Blue Oak Blue Oak is a [...]
Petro-Victory Energy Corp. is pleased to announce the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin. Petro-Victory together with Azevedo e Travassos Petróleo S.A. informs the market that, on December 17, 2024, the Company has jointly signed an exclusivity agreement with Brava for the potential acquisition of two [...]
Petro-Victory Energy Corp. is pleased to provide a corporate update which includes the extension of the exercise period for common share purchase warrants issued on October 31, 2023, all of which are exercisable at CAD $4.00 per common share , the grant of 871,130 options , and the closing of the September 2024 Short-term debentures. October 2024 Warrant Extension The Company is extending the expiry date of the Warrants [...]
Petro-Victory Energy Corp. announces that it has borrowed an aggregate US$2.8 million and issued unsecured promissory notes to 579 Max Ltd., Chris Cooper, and an arm's length third party . Each Loan bears interest at an annual rate of 14% per annum and each Lender was issued bonus warrants exercisable at CAD$1.25 as set out below. Lender Loan Amount Maturity No. of Bonus Warrants Expiry 579 Max, Ltd. 1,100,000 Feb 28 [...]
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