---
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"
generated_at: "2026-06-03T14:32:38.499536+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permex Petroleum issues $500k convertible debentures and warrants

## Summary
- $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.

## SEC filing metadata
- accession: 0001493152-24-015515
- form_type: 8-K
- cik: 0001922639
- company_name: Permex Petroleum Corp
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015515
- JSON: https://secwatch.observer/filing/0001493152-24-015515.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015515.txt

## Key facts
- Debt Financings
  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,.
  - Instrument: convertible notes
  - Principal: $500,000
  - Rate: 10%
  - Maturity: 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,
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/0001493152-24-015515-index.htm
- Material Agreements
  Permex Petroleum Corp entered into 10% Senior Secured Convertible Debenture valued at $500,000 (effective 2024-04-16).
  - Action: entry
  - Agreement: notes offering
  - Value: $500,000
  - Effective: 2024-04-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1922639/000149315224015515/0001493152-24-015515-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.