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Petro-Victory Energy ( (TSE:VRY) ) has issued an update.
Petro-Victory Energy Corp. has secured a short-term loan of US$50,000 with a one-year term, maturing in May 2026, and an annual interest rate of 14%. The loan, subject to TSX Venture Exchange approval, includes the issuance of 99,743 bonus warrants to the lender, exercisable at CAD$0.70 per share. This financial move is part of Petro-Victory’s strategy to enhance its operational capacity and maintain its market position in the Brazilian oil and gas sector.
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 of 49 concession contracts covering 276,755 acres, with additional joint ownership of 6 concessions and 19,074 acres with BlueOak. Petro-Victory focuses on high-impact, low-risk investments to deliver sustainable shareholder value.
Average Trading Volume: 5,859
Technical Sentiment Signal: Sell
Current Market Cap: C$14.4M
See more data about VRY stock on TipRanks’ Stock Analysis page.