Permex Petroleum Revises Private Placement Terms

Permex Petroleum Corporation (TSE:OIL) has released an update.

Permex Petroleum Corporation has adjusted the terms of its non-brokered private placement, offering more warrants per convertible debenture unit and lowering the exercise and conversion prices. This strategic move aims to raise capital for drilling, development, potential acquisitions, and general corporate purposes, targeting accredited investors and non-U.S. persons.

For further insights into TSE:OIL stock, check out TipRanks’ Stock Analysis page.