Permex Petroleum Corp Enters Material Definitive Agreement
Ticker: OILCF · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1922639
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
TL;DR
Permex Petroleum just signed a big deal, could be debt or something else. Details to follow.
AI Summary
Permex Petroleum Corporation entered into a Material Definitive Agreement on April 16, 2024, related to a direct financial obligation. The company also reported other events and filed financial statements and exhibits. The specific details of the agreement and the financial obligation are not fully disclosed in this initial filing.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Permex Petroleum, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risks or opportunities that are not yet fully detailed.
Key Players & Entities
- Permex Petroleum Corporation (company) — Registrant
- April 16, 2024 (date) — Date of earliest event reported
- 2911 Turtle Creek Blvd., Suite 925 (address) — Principal executive offices
- Dallas, Texas (location) — Principal executive offices location
- 75219 (zip_code) — Principal executive offices zip code
- (469) 804-1306 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Permex Petroleum Corporation?
The filing states that Permex Petroleum Corporation entered into a Material Definitive Agreement on April 16, 2024, but the specific details of this agreement are not provided in the initial report.
What type of direct financial obligation did Permex Petroleum Corporation undertake?
The filing indicates the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, but the specifics of this obligation are not detailed.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 16, 2024.
Where are Permex Petroleum Corporation's principal executive offices located?
Permex Petroleum Corporation's principal executive offices are located at 2911 Turtle Creek Blvd., Suite 925, Dallas, Texas, 75219.
What is the SEC file number for Permex Petroleum Corporation?
The SEC file number for Permex Petroleum Corporation is 001-41558.
Filing Stats: 1,292 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-04-22 14:16:22
Key Financial Figures
- $500,000 — leum Corporation (the "Company") issued $500,000 in convertible debenture units (the "Un
- $1,000 — ebenture") in the principal amount of US$1,000 and one Common Share Purchase Warrant (
- $4.08 — y (a "Share") at an exercise price of US$4.08. The Debentures will mature (the "Mat
- $3.40 — Shares based on a conversion price of US$3.40 (the "Conversion Price"), subject to th
- $7,500,000 — aggregate gross proceeds of at least US$7,500,000. The Company has the right to repay the
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex10-1.htm (EX-10.1) — 189KB
- ex10-2.htm (EX-10.2) — 152KB
- ex99-1.htm (EX-99.1) — 2KB
- ex99-1_001.jpg (GRAPHIC) — 385KB
- ex99-1_002.jpg (GRAPHIC) — 369KB
- ex99-1_003.jpg (GRAPHIC) — 25KB
- 0001493152-24-015515.txt ( ) — 1700KB
- oilcf-20240416.xsd (EX-101.SCH) — 3KB
- oilcf-20240416_lab.xml (EX-101.LAB) — 33KB
- oilcf-20240416_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Permex Petroleum Corporation April 22, 2024 By: /s/ Mehran Ehsan Mehran Ehsan Chief Executive Officer -4-