secwatch.observer — SEC 8-K summary
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Issuer:     Permex Petroleum Corp (—)
CIK:        0001922639
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001641172-25-019944
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/0001641172-25-019944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-019944

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