Petro-Victory Energy (TSE:VRY) has released an update.
Petro-Victory Energy Corp has secured a total of $2.8 million in short-term unsecured loans, accompanied by the issuance of bonus warrants, as part of a strategic financial move. The company, active in Brazilian oil and natural gas markets, aims to bolster its financial position and drive shareholder value with these high-interest loans. The transactions, involving related parties, have complied with regulatory exemptions and await final acceptance by the TSX Venture Exchange.
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