Permex receives $4.28M debenture default notice, CEO resigns, annual financials unfiled

Permex Petroleum Corp

Default on $4,276,389 secured convertible debentures (10% interest) for failing to make payments due Nov 2, 2025.
Debenture holders demand immediate payment; repossession of collateral possible if no arrangement by Feb 18, 2026.
CEO, President, and Interim CFO Bradley Taillon resigned effective Jan 12, 2026; replaced by Chairman Richard Little as interim CEO and CFO.
Company failed to file audited annual financial statements for year ended Sep 30, 2025 by regulatory deadline of Jan 28, 2026.
Permex evaluating strategic opportunities amid leadership transition and default.

item 2.04 item 5.02 item 8.01 item 9.01

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