Permex Petroleum Corporation announced that it will issue a non-brokered private placement of up to 2,000,000 units at a price of CAD 0.27 per unit for gross proceeds of CAD 540,000 on November 1, 2021. Each unit shall be comprised of one common share and one-half of one common share purchase warrant .Each full warrant shall entitle the holder thereof to purchase one additional common share of the company for a period of two years, at an exercise price of CAD 0.54 per share. The securities will have a hold period of 4 months and one day from the closing date. The company may pay finder's fee in the transaction, subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation.