/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
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CALGARY, AB, Jan. 3, 2022 /CNW/ - On December 28, 2021, Petro-Victory Energy Corp.
("Petro-Victory" or the "Company") (TSXV: VRY.V) granted
certain Directors and Officers of the Company an aggregate of
730,000 options to purchase Company Shares exercisable at a
price of CAD$2.17 for a period of
five (5) years.
The Company has determined that exemptions from the various
requirements of TSX Venture Exchange Policy 5.9 are available for
the grant of these Options. The Options are subject to TSX
Venture Exchange acceptance.
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 100%
operating and working interests in nineteen (19) licenses totaling
129,524 acres in two (2) 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.
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.