Petro-Victory Energy Corp. Provides Corporate Update

Executive Summary

• Petro‑Victory Energy Corp. announced a non‑brokered private placement of common shares at CAD $1.50 per share, targeting gross proceeds of US $125,000.
• Net proceeds are earmarked for general working capital and capital expenditures related to development of existing oil and gas fields in Brazil.
• The offering is expected to close on or about November 28, 2025, subject to customary closing conditions including TSX Venture Exchange acceptance.
• Concurrently, long‑time director Charles H. “Chuck” Cotter resigned from the Board to assume the role of CEO at Kerplunk.

Key Details

• Offering Size & Price: CAD $1.50 per common share; gross proceeds targeted at US $125,000.
• Closing Timeline: Anticipated closing on or about 28 Nov 2025, subject to customary conditions and TSXV acceptance.
• Use of Proceeds: General working capital and capital expenditures for development of existing fields in Brazil.
• Board Change: Charles H. “Chuck” Cotter resigned from the Board after seven years of service; he will focus on his new CEO role at Kerplunk and remains a significant shareholder.
• Regulatory Notes: Offering is non‑brokered, private placement; securities not registered in the United States and subject to applicable exemptions.

Notable Quotes

(No direct quotes were provided in the release.)