On April 16, 2024, Permex Petroleum Corporation, closed the transaction. The company issued 500 units at a price of $1,000 per unit for the gross proceeds of $500,000 in the transaction. Each Unit will consist of one convertible debenture in the principal amount of $1,000 and one common share purchase warrant.

All securities issued in the Offering are subject to resale restrictions imposed by applicable laws or regulation, including a statutory hold period expiring four months and one day from the date of closing of the offering.