Velocity Energy increases principal of $8.88 million promissory note

By Devika Patel

Knoxville, Tenn., June 19 - Velocity Energy Inc. has amended an $8.88 million senior secured promissory note it sold to the Longview Fund, LP and Longview Marquis Master Fund, LP in November, according to an 8-K filed Friday with the Securities and Exchange Commission.

A portion of the note was sold to Summerview Marquis Fund, LP on May 29.

Under the amended agreement, the note's principal has been increased by $1.66 million, and the company received $1.5 million.

All other terms of the note remain unchanged.

Velocity Energy is an oil and gas exploration and production company based in San Antonio, Texas.

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