Petro-Victory Energy Corp. Corporate Update

Executive Summary

• Petro‑Victory Energy Corp. issued 575,000 bonus warrants to lender PPF 13, LLC in exchange for forbearance and extension of its loan principal payment.
• The new warrants are exercisable at CAD 0.75 per share through August 25 2026, replacing previously issued warrants priced at CAD 2.03.
• Issuance remains subject to final acceptance by the TSX Venture Exchange (TSXV).

Key Details

• Bonus Warrants Issued: 575,000 warrants to PPF 13, LLC.
• Exercise Price: CAD 0.75 per warrant.
• Expiration Date: On or before August 25 2026.
• Purpose: Consideration for the forbearance and extension of the principal payment on the existing loan from PPF 13, LLC.
• Replacement Warrants: Supersedes 475,000 previously issued warrants (375,000 issued for the original loan, 100,000 issued Aug 23 2024 for a prior forbearance).
• Previous Warrant Terms: Exercisable at CAD 2.03 per warrant, same expiration date (Aug 25 2026).
• Regulatory Condition: Issuance subject to final acceptance by the TSXV.

Notable Quotes

(No CEO or executive quotes were included in the release.)