05:47 AM EST, 11/25/2025 (MT Newswires) -- Petro-Victory Energy ( PTVRF ) late Monday said it is launching a non-brokered private placement of common shares priced at C$1.50 apiece for gross proceeds of US$125,000.

Net proceeds from the offering will be used for general working capital and capital expenditures related to the development of existing fields.

The offering is scheduled to close on Nov. 28, subject to closing conditions including approval from the TSX Venture Exchange.

In addition, the company announced the resignation of Charles Cotter from the board of directors to focus on his new role as CEO of Kerplunk.