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Trio Petroleum Corp. ( (TPET) ) has issued an announcement.
On August 15, 2025, Trio Petroleum Corp. completed a private placement of unsecured convertible promissory notes, raising $1,200,000 from institutional investors. The net proceeds of $928,600 are designated for working capital and general corporate purposes. The financing arrangement includes provisions for note conversion into common stock and restrictions on further equity sales, impacting the company’s financial strategy and stakeholder interests.
More about Trio Petroleum Corp.
Trio Petroleum Corp. operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in developing and managing oil and gas properties, aiming to optimize resource extraction and contribute to the energy market.
Average Trading Volume: 1,224,515
Technical Sentiment Signal: Sell
Current Market Cap: $8.65M
See more data about TPET stock on TipRanks’ Stock Analysis page.