The TSX Venture Exchange has accepted for filing documentation in relation to five separate unsecured promissory notes totalling $400,000 (U.S.) between Petro-Victory Energy Corp., and 579 Max Ltd., Fifteen Talents LP, Chris Cooper, Richard Gonzalez and an arm's-length party. The loans all mature on March 12, 2026, and each bears an interest at a rate of 14 per cent per annum. Should any amounts of principal and/or interest remain unpaid after maturity, those amounts shall accrue interest thereafter at a rate of 18 per cent per annum. Additionally, the exchange has accepted for filing the issuance of 386,336 bonus warrants of the company, which are exercisable at $1.49 per common share in connection with the loans.
For further details, refer to the company's news release dated March 14, 2025.
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