---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-019944"
form_type: "8-K"
ticker: null
cik: "0001922639"
company_name: "Permex Petroleum Corp"
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T06:01:20.575251+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Permex closes $2M convertible debenture placement; Lindemuth stake rises to 81.7%

## Summary
- Issued 2,000 units at $1,000 each, comprising 10% senior secured convertible debentures and 786,000 warrants.
- Each warrant exercisable at $2.54 for 5 years; debentures mature July 11, 2026, interest payable in cash or shares.
- Proceeds from the private placement to be used for drilling, potential acquisitions, and working capital.
- Investor Kent Lindemuth now holds 81.71% of shares on a partially-diluted basis, up from 75.24%.
- Registration rights agreement filed with SEC; debentures automatically convert if Company raises $7.5M+ equity.

## SEC filing metadata
- accession: 0001641172-25-019944
- form_type: 8-K
- cik: 0001922639
- company_name: Permex Petroleum Corp
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/0001641172-25-019944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-019944
- JSON: https://secwatch.observer/filing/0001641172-25-019944.json
- Plain text: https://secwatch.observer/filing/0001641172-25-019944.txt

## Key facts
- Debt Financings
  Permex Petroleum Corp incurred convertible notes of aggregate principal amount of $2,000,000 with an accredited investor at simple interest at a rate of 10% maturing July 11, 2026.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of $2,000,000
  - Counterparty: an accredited investor
  - Rate: simple interest at a rate of 10%
  - Maturity: July 11, 2026
  - Event: incurrence
  source text: On July 11, 2025, Permex Petroleum Corporation (the “Company”) issued an aggregate of 2,000 convertible debenture units (the “Units”) to an accredited investor in a private placement (the “Private Placement”) for an aggregate purchase price of $2,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/0001641172-25-019944-index.htm

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