Petro-Victory Provides Update on Timing of Q1 Financials

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CALGARY, AB, July 6, 2020 /CNW/ - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY) announces that, further to its press release of June 1, 2020, in relation to the timing of the filing of its interim financial statements for the period ended March 31, 2020, the ‎Corporation still expects to file such documents on or prior to July 14, 2020.‎ The delivery and filing of the Q1 documents were postponed due to logistics and delays caused by the COVID-19 pandemic.

Petro-Victory confirms that other than as disclosed in the Company's press releases and the annual financial statements filed on June 15, 2020, there have not been any material business developments since the issuance, on June 1, 2020, of the Corporation's news release regarding the postponement of the filing of its ‎interim financial statements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information:

This news release contains "forward-looking information" within the ‎meaning of applicable Canadian securities legislation. All statements, other than statements of historical ‎fact, included herein are forward-looking information. In particular, this news release contains forward-‎looking information regarding the timing for the filing of the interim financial statements. There can ‎be no assurance that such forward-looking information will prove to be accurate, and actual results and ‎future events could differ materially from those anticipated in such forward-looking information. This ‎forward-looking information reflects Petro-Victory's current beliefs and is based on information currently ‎available to Petro-Victory and on assumptions Petro-Victory believes are reasonable. These assumptions include, ‎but are not limited to: the ability of Petro-Victory to complete the ‎interim financial statements in the noted timeframe. Forward-looking information is subject to known and unknown ‎risks, uncertainties and other factors that may cause the actual results, level of activity, performance or ‎achievements of Petro-Victory to be materially different from those expressed or implied by such forward-‎looking information. A description of risk factors that may cause actual ‎results to differ materially from forward-looking information can be found in Petro-Victory's disclosure ‎documents on the SEDAR website at www.sedar.com. Although Petro-Victory has attempted to identify ‎important factors that could cause actual results to differ materially from those contained in forward-‎looking information, there may be other factors that cause results not to be as anticipated, estimated or ‎intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further ‎cautioned not to place undue reliance on forward-looking information as there can be no assurance that the ‎plans, intentions or expectations upon which they are placed will occur. Forward-looking information ‎contained in this news release is expressly qualified by this cautionary statement. The forward-looking ‎information contained in this news release represents the expectations of Petro-Victory as of the date of this ‎news release and, accordingly, is subject to change after such date. However, Petro-Victory expressly disclaims ‎any intention or obligation to update or revise any forward-looking information, whether as a result of new ‎information, future events or otherwise, except as expressly required by applicable securities law.‎

SOURCE Petro-Victory Energy Corp.

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