• Petro-Victory (VRY) is increasing its non-brokered private placement from US$2.7 million to up to US$4 million
  • The company will allocate the proceeds toward general working capital
  • The financing is slated to close by March 23, 2023
  • Petro-Victory Energy is engaged in the acquisition, development and production of crude oil and natural gas resources in Brazil
  • Petro-Victory (VRY) is unchanged trading at $2.69 per share

Petro-Victory (VRY) is increasing its non-brokered private placement from US$2.7 million to up to US$4 million.

The company will allocate the proceeds toward general working capital.

Each unit is priced at C$3.00 and consists of one common share and one transferable common share purchase ‎warrant.

Each warrant entitles the holder ‎to ‎acquire one common share priced at C$4.00 for 12 months ‎following the closing date.

Management reserves the right to increase the offering to US$5 million.

The financing is slated to close by March 23, 2023, subject to regulatory approval.

Petro-Victory Energy is engaged in the acquisition, development and production of crude oil and natural gas resources in Brazil. The company holds a 100-per-cent operating and working interest in 38 licenses totaling 257,604 acres in two different producing basins in Brazil.

Petro-Victory (VRY) is unchanged trading at $2.69 per share as of 10:49 am EST.


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