Petro-Victory Energy Corp. Announces Closing of Private Placement

Executive Summary

• Petro‑Victory Energy Corp. closed a non‑brokered private placement of 2,100,666 Class A common shares at C$1.50 per share, generating US$2.3 million in gross proceeds.
• Net proceeds will fund general working capital and capital expenditures for development of existing oil and gas fields in Brazil, as well as corporate expenses.
• The issued shares are subject to a statutory four‑month hold period expiring 31 January 2026 and the offering remains pending final acceptance by the TSX Venture Exchange.

Key Details

• Shares Issued: 2,100,666 Class A common shares.
• Price per Share: C$1.50 (equivalent to US$2.3 million gross proceeds).
• Gross Proceeds: US$2,300,000.
• Use of Proceeds: General working capital; capital expenditures for development of existing fields; corporate expenses.
• Statutory Hold Period: Four months from issuance, ending 31 January 2026 per Canadian securities legislation.
• Regulatory Condition: Closing subject to final acceptance by the TSX Venture Exchange (TSXV).
• Offering Structure: Non‑brokered private placement; no warrants or other securities attached.

Notable Quotes

(No executive quotes were included in the release.)