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Petro-Victory Energy Announces Extension to US$1.7 Million Note, Shares for Debt Transaction
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Petro-Victory Energy Announces Extension to US$1.7 Million Note, Shares for Debt Transaction
Mar 23, 2026 6:35 AM

08:57 AM EDT, 03/23/2026 (MT Newswires) -- Petro-Victory Energy ( PTVRF ) Monday said it has extended the term of a US$1.7 million secured loan, which was due March 31, to March 31, 2028.

The lender was issued 600,000 bonus warrants which expired with the extension. Petro-Victory has now granted the lender another 600,000 warrants to purchase 600,000 shares at $0.68 each., The warrants expire on March 31, 2028.

Petro-Victory also announced agreements to settle up to US$500,000 that is owed to certain directors and creditors. The company will issue up to 980,392 shares at a deemed price of $0.68 apiece, to creditors.

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