Permex Petroleum Corp Files 8-K on Director/Officer Changes
Ticker: OILCF · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1922639
Sentiment: neutral
Topics: director-change, officer-appointment, corporate-governance, financial-statements
TL;DR
Permex Petroleum Corp reshuffled its board and exec team, filing key docs on 8/30.
AI Summary
Permex Petroleum Corporation filed an 8-K on October 28, 2024, reporting events as of August 30, 2024. The filing pertains to the departure of directors, election of directors, appointment of officers, and compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
This filing indicates significant changes in the company's leadership and governance structure, which could impact its strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in directors and officers can signal internal shifts or strategic realignments that may carry inherent risks.
Key Players & Entities
- Permex Petroleum Corporation (company) — Registrant
- August 30, 2024 (date) — Date of earliest event reported
- October 28, 2024 (date) — Filing date
FAQ
What specific changes were made regarding the departure of directors or certain officers?
The filing indicates the departure of directors or certain officers as an item of information, but the specific names and details of their departures are not provided in the excerpt.
Who were the newly elected directors?
The filing lists the election of directors as an item of information, but the names of the newly elected directors are not specified in the provided text.
Were there any appointments of certain officers?
Yes, the appointment of certain officers is listed as an item of information in the filing.
What is the significance of the 'Compensatory Arrangements of Certain Officers' section?
This section likely details the compensation, bonuses, or other financial arrangements for key executives of Permex Petroleum Corporation.
What financial statements and exhibits are included with this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific content of these documents is not detailed in the provided excerpt.
Filing Stats: 1,105 words · 4 min read · ~4 pages · Grade level 13.1 · Accepted 2024-10-28 09:17:31
Key Financial Figures
- $100,000 — ment includes: i) a lump sum payment of $100,000 payable upon the Company's receipt of c
- $1,000,000 — t of capital investment of no less than $1,000,000 or by October 31, 2024, whichever occur
- $7,500 — irst; ii) six equal monthly payments of $7,500 starting October 1, 2024 (with the firs
- $35,155 — a Company vehicle with a fair value of $35,155. In addition, Mr. Ehsan agreed to make
- $3.30 — immediately, have an exercise price of $3.30 Canadian dollars ($2.45 USD based on th
- $2.45 — ercise price of $3.30 Canadian dollars ($2.45 USD based on the $0.7415647 US per $1.0
- $0.7415647 — anadian dollars ($2.45 USD based on the $0.7415647 US per $1.00 Cdn on October 2, 2024, as
- $1.00 — 2.45 USD based on the $0.7415647 US per $1.00 Cdn on October 2, 2024, as reported by
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex10-1.htm (EX-10.1) — 86KB
- ex10-2.htm (EX-10.2) — 261KB
- 0001493152-24-042622.txt ( ) — 614KB
- oilcf-20240830.xsd (EX-101.SCH) — 3KB
- oilcf-20240830_lab.xml (EX-101.LAB) — 33KB
- oilcf-20240830_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
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 October 28, 2024 By: /s/ Bradley Taillon Bradley Taillon Chief Executive Officer -3-