Petro-Victory Energy Corp Announces Short Term Loan

Executive Summary

• Petro‑Victory Energy Corp. completed a US$300,000 unsecured short‑term loan with 579 Max Ltd., bearing 14% annual interest and maturing on October 13 2026.
• The lender received 600,000 bonus warrants exercisable at C$0.70 per share, also expiring on October 13 2026.
• The transaction is a related‑party financing under TSXV MI 61‑101, relying on exemption thresholds and pending TSXV approval.

Key Details

• Loan Amount: US$300,000 unsecured promissory note.
• Interest Rate: 14% per annum.
• Maturity Date: October 13 2026.
• Warrant Grant: 600,000 bonus warrants to the lender.
• Warrant Exercise Price: C$0.70 per share.
• Warrant Expiry: October 13 2026 (same as loan maturity).
• Related‑Party Nature: Director T. Lynn Bryant is a principal of 579 Max Ltd.; transaction qualifies as a “related party transaction” under MI 61‑101.
• Regulatory Treatment: Company relied on exemptions from formal valuation and minority shareholder approval because the fair market value of the loan and warrants does not exceed 25% of Petro‑Victory’s market capitalization.
• TSXV Approval: Both the loan and warrant issuance remain subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)