Petro-Victory Energy Corp Announces Short Term Loan

Executive Summary

• Petro‑Victory Energy Corp. completed a US$500,000 unsecured promissory note loan with 579 Max, Ltd., bearing 14% annual interest and maturing on December 22 2026.
• The lender received 1,010,882 bonus warrants exercisable at C$0.68 per share, also expiring on December 22 2026.
• The transaction is a related‑party financing under MI 61‑101, relying on exemption thresholds because the consideration does not exceed 25% of market capitalization.

Key Details

• Loan amount: US$500,000 (unsecured promissory note).
• Interest rate: 14% per annum.
• Maturity date: December 22 2026.
• Warrant grant: 1,010,882 bonus warrants to the lender.
• Warrant exercise price: C$0.68 per share.
• Warrant expiry: December 22 2026.
• Related‑party nature: Director T. Lynn Bryant is a principal of the lender; transaction qualifies as a “related party transaction” under MI 61‑101.
• Exemption reliance: Company relied on Sections 5.5(a) and 5.7(1)(a) of MI 61‑101 because the fair market value of the loan and warrants is below the 25% market‑cap threshold, avoiding formal valuation and minority‑shareholder approval requirements.
• Regulatory condition: Loan and warrant issuance remain subject to TSXV acceptance.

Notable Quotes

(No executive quotes were included in the release.)