Petro-Victory arranges $125k (U.S.) private placement

Executive Summary

• Petro-Victory Energy Corp. announced a non-brokered private placement of common shares at $1.50 per share, targeting gross proceeds of $125,000 USD for general working capital and field development.
• Charles H. (Chuck) Cotter resigned from the board of directors to assume the role of CEO at Kerplunk, ending a seven-year tenure as a director and significant investor.

Key Details

• Financing Structure: Non-brokered private placement of common shares.
• Price: $1.50 per common share.
• Gross Proceeds: $125,000 (U.S.).
• Use of Proceeds: General working capital and capital expenditures related to the development of existing fields.
• Closing Date: Anticipated on or about November 28, 2025.
• Conditions: Subject to customary closing conditions, including TSX Venture Exchange acceptance.
• Board Resignation: Charles H. (Chuck) Cotter resigned from the board of directors.
• Director Tenure: Mr. Cotter served as a director since October 2018 and remains a significant investor.

Notable Quotes

• "The company thanks Mr. Cotter for his leadership and contributions over the past seven years and wishes him continued success in his new endeavour."