Permex Petroleum Corp. has announced a private placement of convertible debenture units, aiming to raise gross proceeds of US$2,000,000. The offering involves the issuance of 2,000 units to a single subscriber, with each unit comprising a convertible debenture worth US$1,000 and 393 common share purchase warrants. These warrants can be exercised over a five-year period at a price of US$2.54 per share. The proceeds are intended for general working capital purposes. The offering will only be available to accredited investors or those located outside the United States. All securities issued will be subject to a four-month hold period under Canadian securities laws. No finders' fees will be paid in connection with this offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Permex Petroleum Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 257819) on July 04, 2025, and is solely responsible for the information contained therein.
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