Petro-Victory Energy Announces Short Term Debentures-February 2024-www.financetom.com

Petro-Victory Energy Announces Short Term Debentures

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Petro-Victory Energy Announces Short Term Debentures

Sep 24, 2024 2:02 PM

04:30 PM EDT, 09/24/2024 (MT Newswires) -- Petro-Victory Energy ( PTVRF ) on Tuesday said it borrowed an aggregate US$2.8 million and issued unsecured promissory notes to 579 Max Ltd., Chris Cooper, and an arm's length third party.

Each loan bears interest at an annual rate of 14% per annum and each ender was issued bonus warrants exercisable at $1.25.

Petro Victory Energy ( PTVRF ) is engaged in the acquisition, development, and production of crude oil and natural gas resources in Brazil.

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