Investors pump millions into Victory Energy for expansion

Feb 25, 2014
Austin Business Journal

Victory Energy Corp. has received a $36.4 million funding to complete acquisitions and property development

Executives at the Austin-based oil and gas exploration and production company said the bank and private-placement round of financing represents a seven times multiple of the company’s $5 million market cap

The company acquired $26.4 million of the financing through Dallas-based Texas Capital Bank and an additional $10 million from Navitus Energy Group, according to a Victory Energy (OTC:VYEY) news release

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