Permex Petroleum Corp (TSE:OIL) has released an update.
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Permex Petroleum Corp has successfully completed a private placement of convertible debenture units, raising $500,000 in gross proceeds. Each unit includes a convertible debenture and a share purchase warrant, with the debentures bearing 10% interest and convertible into shares under certain conditions. The funds raised will be used for general working capital and potential mergers and acquisitions.
For further insights into TSE:OIL stock, check out TipRanks’ Stock Analysis page.