Victory Energy Corp.’s (VYEY) $36 Million Financing Featured in Austin Business Journal
In an article recently published by Austin Business Journal, writer Christopher Calnan wrote up a brief highlight of Victory Energy’s reception of $36.4 million funding from its recent bank and private-placement financing round. On February 25, the company had announced its reception of the financing from Dallas-based Texas Capital Bank and from Navitus Energy Group. Mr. Calnan noted that “[e]xecutives 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.” He then entered into a brief discussion of CEO Kenny…