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Petro-Victory Energy ( (TSE:VRY) ) has issued an announcement.
Petro-Victory Energy Corp. has secured a total of US$500,000 in short-term loans from several lenders, issuing unsecured promissory notes with interest rates of 14% per annum until maturity and 18% thereafter. The loans, which involve related party transactions, also include bonus warrants issued to the lenders, subject to TSX Venture Exchange’s final acceptance. These financial arrangements are expected to support the company’s operations and strategic investments in Brazil’s oil and gas sector.
More about Petro-Victory Energy
Petro Victory Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas resources in Brazil. The company holds 100% operating and working interests in thirty-eight licenses totaling 257,604 acres in two different producing basins in Brazil. Petro-Victory aims to generate accretive shareholder value through disciplined investments in high-impact, low-risk assets.
YTD Price Performance: 0.0%
Average Trading Volume: 4,618
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$23.34M
Learn more about VRY stock on TipRanks’ Stock Analysis page.
