/ NOT FOR CIRCULATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ANY FAILURE TO ABIDE BY THIS LIMITATION MIGHT CONSTITUTE An OFFENSE OF U.S. SECURITIES LAWS/
DALLAS, June 11, 2025/ CNW/ – Petro-Victory Energy Corp. VRY (“ Petro-Victory” or the “ Business“) reveals that it has actually obtained an aggregate of US$ 350,000 (the “ Loans“) and issued unsecured promissory notes to Thomas Cooper, a director of the Business, and to an arm’s length 3rd party (jointly, the “ Lenders“). The Loans have a regard to one year and bear interest at a yearly rate of 14% per year till maturity and 18% per year afterwards. The Lenders will be released an aggregate of 685,350 benefit warrants (the “ Warrants“) in connection with the Loans, with each Warrant being exercisable at CAD$ 0.70 per typical share on or before June 2, 2026 The Loans and issuance of Warrants stay based on TSX Endeavor Exchange (“ TSXV“) last approval.
The Loan from Thomas Cooper in the aggregate quantity of US$ 175,000 and the issuance of 342,675 Warrants in connection therewith each made up a “associated celebration deal” under Multilateral Instrument 61-101 – Security of Minority Security Holders in Unique Deals (” MI 61-101″) as Mr. Copper is an associated celebration (as specified in MI 61-101) of the Business. The Business counted on the exemptions from the official evaluation and minority investor approval requirements of MI 61-101 consisted of in Areas 5.5( a) and 5.7( 1 )( a) of MI 61-101 in regard of associated celebration matters, as the Business is noted on the TSXV and neither the reasonable market price (as identified under MI 61-101) of the subject of, nor the reasonable market price of the factor to consider for, the deal, insofar as it includes the associated celebrations, went beyond 25% of the Business’s market capitalization (as identified under MI 61-101).
About Petro-Victory Energy Corp.
Petro-Victory Energy Corp. is an oil and gas business participated in the acquisition, advancement, and production of petroleum and gas in Brazil The overall portfolio under management consists of 49 concession agreements with 276,755 acres, net to Petro-Victory plus an extra 6 concessions and 19,074 acres owned collectively with BlueOak. Through disciplined financial investments in high-impact, low-risk properties, Petro-Victory is concentrated on providing sustainable investor worth. The Business’s typical shares trade on the TSX Endeavor Exchange under the ticker sign VRY.
Cautionary Note
Neither the TSXV nor its Guideline Solutions Company (as that term is specified in the policies of the TSXV) accepts duty for the adequacy or precision of this release.
This news release does not make up a deal to offer or the solicitation of a deal to purchase, nor will there be any sale of these securities, in any jurisdiction in which such deal, solicitation or sale would be illegal previous to registration or credentials under the securities laws of such jurisdiction. The securities have actually not been and will not be signed up under the United States Securities Act of 1933, as modified (the “U S. Securities Act“), or any state securities laws and might not be used or offered within the United States unless an exemption from such registration is offered.
Advisory Relating To Positive Declarations
In the interest of supplying Petro-Victory’s investors and possible financiers with details relating to Petro-Victory’s future strategies and operations, particular declarations in this news release are “positive declarations” within the significance of the United States Private Securities Lawsuits Reform Act of 1995 and “positive details” within the significance of appropriate Canadian securities legislation (jointly, “ positive declarations“). In many cases, positive declarations can be recognized by terms such as “prepare for,” “think,” “continue,” “could,” “price quote,” “anticipate,” “projection,” “mean,” “may,” “unbiased,” “continuous,” “outlook,” “possible,” “task,” “strategy,” “should,” “target,” “would,” “will” or comparable words recommending future results, occasions or efficiency. The positive declarations consisted of in this news release speak just since the date thereof and are specifically certified by this cautionary declaration.
Particularly, this news release includes positive declarations connecting to, however not restricted to, TSXV approval for the Loan and Warrants. These positive declarations are based upon particular crucial presumptions relating to, to name a few things, the invoice of TSXV approval for the Loan and Warrants. Readers are warned that such presumptions, although thought about sensible by Petro-Victory at the time of preparation, might show to be inaccurate. Real outcomes attained will differ from the details offered herein as an outcome of various recognized and unidentified dangers and unpredictabilities and other aspects.
The above summary of presumptions and dangers connected to positive declarations in this news release has actually been offered in order to supply investors and possible financiers with a more total viewpoint on Petro-Victory’s present and future operations and such details might not be suitable for other functions. There is no representation by Petro-Victory that real outcomes attained will be the exact same in entire or in part as those referenced in the positive declarations and Petro-Victory does not carry out any responsibility to upgrade openly or to modify any of the consisted of positive declarations, whether as an outcome of brand-new details, future occasions or otherwise, other than as might be needed by appropriate securities law.
SOURCE Petro-Victory Energy Corp.