Petro-Victory Energy Corp. (TSX-V:VRY) has secured a US$0.5 million loan from director Thomas Cooper and a third party, issuing unsecured promissory notes with 14% annual interest and 1.1 million bonus warrants exercisable at C$0.61.
The company also established a US$3 million unsecured line of credit with a private lender formed by Cooper and others, with up to 6.7 million warrants attached.