Petro-Victory Energy Corp. Extends Warrant Expiry: A Strategic Move for Future Growth

Petro-Victory Energy Corp. (TSXV: VRY) has announced a strategic move to extend the expiry date of its common share purchase warrants, providing the company with increased financial flexibility and potential future capital raising opportunities. The extension, from October 31, 2024 to October 31, 2025, allows warrant holders more time to exercise their options, potentially increasing the likelihood of capital infusion and supporting the company's growth initiatives.

The extension of the warrant expiry date aligns with Petro-Victory's overall business strategy, focusing on generating accretive shareholder value through disciplined investments in high impact, low risk assets. By providing more time for warrant holders to make a decision, the company increases the likelihood of exercising the warrants, which could result in additional capital being injected into the Company. This capital can be used to fund operations, acquisitions, or other strategic initiatives, further supporting the company's growth and expansion.

Petro-Victory's decision to extend the warrant expiry date also reflects its commitment to maintaining financial flexibility and managing its capital structure effectively. The extension provides the company with additional financial flexibility, allowing it to manage its capital structure more effectively and potentially access additional capital if needed. This is particularly important in the context of the company's short-term debentures, where it has received final TSXV approval for the issuance of unsecured promissory notes to various lenders.

In addition to the warrant extension, Petro-Victory has granted 871,130 options ("Options") exercisable for a total of 871,130 common shares ("Common Shares") to its directors, officers, employees, and consultants. This grant is a strategic move to attract and retain key personnel, aligning their interests with those of shareholders. By granting options, the company allows its insiders to participate in the Company's future growth and success. If the Company's share price increases, the options can be exercised at a profit, providing insiders with an incentive to work towards the Company's goals. This can help to motivate and retain key personnel, contributing to the Company's overall performance.

The grant of stock options to insiders can also potentially lead to future shareholder dilution if the options are exercised. However, Petro-Victory has implemented a vesting schedule for the options, which can help to mitigate the impact of dilution. The options vest annually over three years from the date of grant, meaning that only a portion of the options will be available for exercise each year. This gradual vesting can help to spread out the potential dilution over time and reduce its impact on the Company's share price.

In conclusion, Petro-Victory Energy Corp.'s decision to extend the warrant expiry date and grant stock options to insiders reflects a strategic approach to maintaining financial flexibility, attracting and retaining key personnel, and managing its capital structure effectively. These moves align with the company's overall business strategy and provide a solid foundation for future growth and success.