{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-015515","form_type":"8-K","ticker":null,"cik":"0001922639","company_name":"Permex Petroleum Corp","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.218579+00:00","generated_at":"2026-06-03T14:32:38.499536+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permex Petroleum issues $500k convertible debentures and warrants","bullets":["$500,000 offering of 10% senior secured convertible debentures with common share purchase warrants.","Maturity: earlier of 1 year or 3 months if no definitive M&A agreement within 3 months.","Conversion at $3.40 per share; warrants exercisable at $4.08 per share for 5 years.","Proceeds to be used for general working capital and potential mergers/acquisitions.","Debentures rank senior to all existing/future debt, secured by general security agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-015515","json":"https://secwatch.observer/filing/0001493152-24-015515.json","markdown":"https://secwatch.observer/filing/0001493152-24-015515.md","text":"https://secwatch.observer/filing/0001493152-24-015515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/0001493152-24-015515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:32:38.499536+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"abaaaa822fc8e5b2e726d90622482bf06f74eb7c","claim":"Permex Petroleum Corp incurred convertible notes of $500,000 at 10% maturing the earlier of: (i) one-year from the date of issuance or (ii) three-months from the date of issuance if the Company does not enter into a securities exchange,.","evidence_excerpt":"On April 16, 2024, Permex Petroleum Corporation (the “Company”) issued $500,000 in convertible debenture units (the “Units”) in a private placement offering (the “Offering”). Each Unit consists of one 10% Senior Secured Convertible Debenture (a “Debenture”) in the principal amount of US$1,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/0001493152-24-015515-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$500,000"},{"label":"Rate","value":"10%"},{"label":"Maturity","value":"the earlier of: (i) one-year from the date of issuance or (ii) three-months from the date of issuance if the Company does not enter into a securities exchange,"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"99c1e2c17c5c9989330314725165c8bfbbb68151","claim":"Permex Petroleum Corp entered into 10% Senior Secured Convertible Debenture valued at $500,000 (effective 2024-04-16).","evidence_excerpt":"Each Unit consists of one 10% Senior Secured Convertible Debenture (a “Debenture”) in the principal amount of US$1,000 and one Common Share Purchase Warrant (a “Warrant”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/0001493152-24-015515-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Value","value":"$500,000"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}