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Financings

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

By The Northwire Desk — AI Analysis Nov 25, 2025 · 05:20 VRY · 0.68 Petro-Victory Energy Corp
VRY · Price

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."
Read the original news release →

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