Petro-Victory completes $300,000 (U.S.) from 579 Max

Executive Summary

• Petro‑Victory Energy Corp. entered into a $300,000 unsecured promissory note loan with 579 Max Ltd., maturing on Oct. 13 2026 and bearing interest at 14% per annum.
• The lender received 600,000 bonus warrants exercisable at $0.70 per share, also expiring on Oct. 13 2026.
• The transaction is a related‑party financing under MI 61‑101, relying on exemption thresholds; it remains subject to TSX Venture Exchange acceptance.

Key Details

• Loan amount: US$300,000 unsecured promissory note.
• Lender: 579 Max Ltd. (principal of director T. Lynn Bryant).
• Interest rate: 14% per annum.
• Maturity date: October 13, 2026.
• Warrant grant: 600,000 bonus warrants to the lender.
• Warrant exercise price: $0.70 per share.
• Warrant expiry: October 13, 2026 (same as loan maturity).
• Related‑party status: Both loan and warrant issuance are related‑party transactions under MI 61‑101 because director T. Lynn Bryant is a principal of the lender.
• Exemption reliance: Company relied on sections 5.5(a) and 5.7(1)(a) of MI 61‑101, as the fair market value of the transaction does not exceed 25% of Petro‑Victory’s market capitalization.
• Regulatory condition: Transaction pending acceptance by the TSX Venture Exchange.

Notable Quotes

(No executive quotes provided in the release.)