/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/
CALGARY, AB, July 12, 2021 /CNW/ - Petro-Victory Energy Corp.
("Petro-Victory" or the "Company") (TSXV: VRY) a full-cycle energy
company focused on a portfolio of operated onshore exploration,
development and production opportunities in Brazil, is pleased to announce that it has
appointed Gneiss Energy Limited ("Gneiss Energy") as its exclusive
corporate finance advisor. Gneiss Energy will support
Petro-Victory with strategic corporate finance advice in relation
to capital raising, corporate and asset transactions, and other
strategic growth initiatives.
Gneiss Energy is a global strategic and corporate finance
advisory firm with coverage across the energy sector inclusive of
oil & gas exploration and production, renewable energy and
cleantech, as well as energy services & infrastructure.
With dual headquarters in London and Edinburgh, Gneiss comprises a dedicated team
of sector specialists focused on transaction origination and
execution.
Richard Gonzalez, Petro-Victory
CEO commented, "I'm delighted to partner with Gneiss Energy as our
exclusive corporate finance advisor as we enter the next stage of
accelerating the growth of Petro-Victory's onshore Brazilian
portfolio. Gneiss delivers a world-class team of global
investment banking and industry experts who have the expertise and
skillset to support our exciting expansion plans within our
existing and targeted assets. Together, we look to grow
Petro-Victory into the preeminent acquisition and development firm
with a laser focus on onshore Brazil."
Jon Fitzpatrick, Gneiss Energy
Managing Director commented, "The Gneiss team is very excited to be
working with Petro-Victory – we have long regarded onshore
Brazil as one of the most exciting
deal spaces globally. Driven by the catalysts of Petrobras
divestures and auction rounds, Brazil presents significant production,
development and exploration opportunities for companies. The
Petro-Victory team have positioned themselves at the forefront of
the onshore opportunity and we look forward to supporting Richard
and the entire Petro-Victory team to deliver their plan in
Brazil."
About Petro-Victory Energy Corp.
Petro-Victory
Energy Corp. is engaged in the acquisition, development, and
production of crude oil and natural gas resources in Brazil. The company holds operating and
working interests in twenty (20) licenses totaling 129,771 acres in
three (3) different producing basins in Brazil. Petro-Victory generates accretive
shareholder value through disciplined investments in high impact,
low risk assets. The Company's Common Shares trade on the TSX
Venture Exchange ("TSXV") under the ticker symbol VRY.V.
Cautionary Note
Neither the TSXV nor its
Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release.
Advisory Regarding Forward-Looking
Statements
In the interest of providing Petro-Victory's
shareholders and potential investors with information regarding
Petro-Victory's future plans and operations, certain statements in
this press release are "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and "forward-looking information" within the meaning of
applicable Canadian securities legislation (collectively,
"forward-looking statements"). In some cases, forward-looking
statements can be identified by terminology such as "anticipate",
"believe", "continue", "could", "estimate", "expect", "forecast",
"intend", "may", "objective", "ongoing", "outlook", "potential",
"project", "plan", "should", "target", "would", "will" or similar
words suggesting future outcomes, events or performance. The
forward-looking statements contained in this press release speak
only as of the date thereof and are expressly qualified by this
cautionary statement.
Specifically, this press release contains forward-looking
statements relating to but not limited to: the Company offerings,
our business strategies, plans and objectives, and drilling,
testing and exploration expectations. These forward-looking
statements are based on certain key assumptions regarding, among
other things: our ability to add production and reserves through
our exploration activities; the receipt, in a timely manner, of
regulatory and other required approvals for our operating
activities; the availability and cost of labor and other industry
services; the continuance of existing and, in certain
circumstances, proposed tax and royalty regimes; and current
industry conditions, laws and regulations continuing in effect (or,
where changes are proposed, such changes being adopted as
anticipated). Readers are cautioned that such assumptions, although
considered reasonable by Petro-Victory at the time of preparation,
may prove to be incorrect.
Actual results achieved will vary from the information provided
herein as a result of numerous known and unknown risks and
uncertainties and other factors. These and additional risk factors
are discussed in our Final Prospectus dated July 11, 2014, as filed with Canadian securities
regulatory authorities at www.sedar.com.
The above summary of assumptions and risks related to
forward-looking statements in this press release has been provided
in order to provide shareholders and potential investors with a
more complete perspective on Petro-Victory's current and future
operations and such information may not be appropriate for other
purposes. There is no representation by Petro-Victory that actual
results achieved will be the same in whole or in part as those
referenced in the forward-looking statements and Petro-Victory does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities law.
SOURCE Petro-Victory Energy Corp.