Mr. Richard Gonzalez reports
PETRO-VICTORY ENERGY CORP. ANNOUNCES SHORT TERM LOAN
Petro-Victory Energy Corp. has borrowed $50,000 (U.S.) from and issued an unsecured promissory note to an arm's-length third party, dated May 14, 2025. The loan has a one-year term and will mature on May 14, 2026. It bears interest at an annual rate of 14 per cent per annum until maturity and 18 per cent per annum thereafter. In connection with the loan, the lender will be issued 99,743 bonus warrants, each exercisable at 70 cents per common share on or before May 14, 2026. The loan and issuance of warrants remain subject to final acceptance by the TSX Venture Exchange.
About Petro-Victory Energy Corp.
Petro-Victory is an oil and gas company engaged in the acquisition, development and production of crude oil and natural gas in Brazil. The total portfolio under management includes 49 concession contracts with 276,755 acres, net to Petro-Victory, plus an additional six concessions and 19,074 acres owned jointly with BlueOak. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY.
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