Petro-Victory Energy shareholders approved new omnibus equity compensation plan at meeting

• Shareholders met on Aug. 6, 2026, clearing a repricing of 3,174,342 incentive stock options from C$2 to C$0.55.
• Approval also covered canceling 1,824,620 insider stock options, replacing them with 236,053 restricted share units.
• Backed a shares-for-debt transaction of up to US$2.03 million, or C$2.82 million, at C$0.68 per share; closing targeted around Sept. 30, 2026.
• Adopted a new omnibus equity compensation plan to replace the existing stock option plan.
• Repricing, RSU issuance, and the shares-for-debt transaction were authorized but not yet completed; the plan adoption was approved at the meeting.

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