Petro-Victory Energy Corp. Secures Loan Extension with Bonus Warrants
Petro-Victory Energy Corp. (VRY) has announced the issuance of 100,000 bonus warrants to PPF 13, LLC. This move comes in exchange for an extension on the principal payment of a loan from PPF 13, LLC to Petro-Victory. These bonus warrants are exercisable at CAD$2.03 on or before August 25, 2026. The issuance of these bonus warrants was classified as a “related party transaction” under Multilateral Instrument 61-101, as PPF 13, LLC is a related party to Petro-Victory. However, Petro-Victory utilized exemptions under MI 61-101, as the transaction did not exceed 25% of the company’s market capitalization.
Harvison Capital Management Acquires Significant Stake in Petro-Victory
In a separate announcement, Petro-Victory disclosed that Harvison Capital Management, LLC has acquired ownership of 1,449,777 common shares in the company through the conversion of restricted shares. This acquisition represents an increase in Harvison Capital Management’s ownership of Petro-Victory to approximately 8.99% of the issued and outstanding voting securities on a non-diluted basis. Prior to this purchase, Harvison Capital Management held 0 common shares and 1,449,777 restricted shares, representing a 0% non-diluted stake and 7.08% assuming conversion of the restricted shares.
About Petro-Victory Energy Corp.
Petro-Victory Energy Corp. focuses on acquiring, developing, and producing crude oil and natural gas resources within Brazil. The company holds 100% operating and working interests in 38 licenses spanning 257,604 acres across two producing basins in the country. Petro-Victory is committed to generating shareholder value through strategic investments in low-risk, high-impact assets. The company’s common shares are traded on the TSXV under the ticker symbol VRY.
The issuance of the bonus warrants remains subject to final acceptance from the TSXV.
