Petro-Victory Energy ( (TSE:VRY) ) just unveiled an announcement.
Petro-Victory Energy Corp. announced it has secured a US$250,000 loan through an unsecured promissory note with a third-party lender. The loan carries an annual interest rate of 14% until maturity and 18% thereafter. As part of the agreement, the lender will receive 285,360 bonus warrants, exercisable at CAD$1.25 per share by March 26, 2026. This financial move is subject to final acceptance by the TSX Venture Exchange and is part of the company’s strategy to enhance its operational capabilities in the oil and gas sector.
More about Petro-Victory Energy
Petro-Victory Energy Corp. is an oil and gas company involved in the acquisition, development, and production of crude oil and natural gas in Brazil. The company holds interests in 55 licenses covering 295,829 acres across three producing basins and focuses on delivering sustainable shareholder value through disciplined investments in high-impact, low-risk assets. Its common shares are traded on the TSX Venture Exchange under the ticker symbol VRY.
YTD Price Performance: 4.65%
Average Trading Volume: 4,677
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$18.51M
For detailed information about VRY stock, go to TipRanks’ Stock Analysis page.