Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Petro-Victory Energy ( (TSE:VRY) ) has issued an update.
Petro-Victory Energy Corp. has successfully closed a non-brokered private placement financing, issuing 2,100,666 Class A common shares at C$1.50 per share, raising US$2.3 million. The proceeds will be used for general working capital, capital expenditures for existing fields, and corporate expenses, with the shares subject to a four-month hold period and pending TSX Venture Exchange acceptance.
More about Petro-Victory Energy
Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The company manages a portfolio that includes 49 concession contracts covering 276,755 acres, and an additional 6 concessions with 19,074 acres in partnership with BlueOak in Capixaba Energia. Petro-Victory focuses on disciplined investments in high-impact, low-risk assets to deliver sustainable shareholder value. Its common shares are traded on the TSX Venture Exchange under the ticker symbol VRY.
Average Trading Volume: 7,472
Technical Sentiment Signal: Sell
Current Market Cap: C$15.25M
See more data about VRY stock on TipRanks’ Stock Analysis page.