Permex Petroleum Corporation (TSE:OIL) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.