On October 31, 2023, Petro-Victory Energy Corp., closed the transaction. The transaction was oversubscribed. The company issued 495,767 units at a price of CAD 3.00, for gross proceeds of CAD 1,487,301 in the transaction.

Each unit will consist of one common share in the capital of the Company and one transferable share purchase warrant. The entitling the holder thereof to acquire one Common Share at a price of CAD4.00 per share exercisable for a period of twelve months following the closing date.