Petro-Victory secures $300K loan with 14% interest, grants 600K bonus warrants

Published 4 weeks ago Negative
Petro-Victory secures $300K loan with 14% interest, grants 600K bonus warrants
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* Petro-Victory Energy (TSXV:VRY:CA [https://seekingalpha.com/symbol/VRY:CA]) has completed [https://seekingalpha.com/pr/20263919-petro-victory-energy-corp-announces-short-term-loan] a US$300,000 loan agreement with 579 Max, Ltd.
* The unsecured promissory note carries a 14% annual interest rate and matures on October 13, 2026.
* As part of the deal, the lender receives 600,000 bonus warrants exercisable at C$0.70 per share until October 13, 2026.

MORE ON PETRO-VICTORY ENERGY CORP.

* Financial information for Petro-Victory Energy Corp. [https://seekingalpha.com/symbol/VRY:CA/income-statement]