Petro-Victory Energy Secures Short-Term Financing with Promissory Note

An update from Petro-Victory Energy ( (TSE:VRY) ) is now available.

Petro-Victory Energy Corp. has announced the borrowing of US$50,000 through an unsecured promissory note from a third party, with an interest rate of 14% per annum until maturity. The lender will receive 77,411 bonus warrants, exercisable at CAD$0.90 per common share by April 16, 2026. This financial move is subject to TSX Venture Exchange’s final acceptance, potentially impacting the company’s financial flexibility and market operations.

More about Petro-Victory Energy

Petro-Victory Energy Corp. is an oil and gas company focused on the acquisition, development, and production of crude oil and natural gas in Brazil. The company manages a portfolio of 49 concession contracts covering 276,755 acres, with additional joint ownership in six concessions. Petro-Victory aims to deliver sustainable shareholder value through disciplined investments in high-impact, low-risk assets. The company’s shares are traded on the TSX Venture Exchange under the ticker symbol VRY.

YTD Price Performance: -15.12%

Average Trading Volume: 5,538

Technical Sentiment Signal: Buy

Current Market Cap: C$15.01M

For detailed information about VRY stock, go to TipRanks’ Stock Analysis page.