Operational Team Prepares for a Targeted Fall 2019 Horizontal Drilling Program Permex Petroleum Corp. announces positive offset operator well results in conjunction with our operational team receiving confirmation from Working Interest partners for additional well location and possible horizontal drilling joint venture program. Permex has continued its strategy of staying debt free in an environment where the burden of [...]
Permex Petroleum Corp. today announced that it will be participating in the Montreal Capital Investment Conference. President and CEO Mehran Ehsan will be meeting with investors and financial professionals to discuss the company's operational plans for the second half of 2019 and the various milestones it looks to achieve for corporate growth. Capital Event Conferences will host the event at the DoubleTree by Hilton [...]
Permex Petroleum Corp. is pleased to announce that it has completed the first tranche of its non-brokered private placement previously announced on April 22, 2019. The first tranche raised a total of $607,554.90 from the issuance of 4,050,366 units at a price of $0.15 per Unit. Each Unit consists of one common share and one common share purchase warrant , with each Warrant entitling the holder to purchase one additional [...]
Permex Petroleum Corp. is pleased to announce that it has retained the services of FronTier Merchant Capital Group to provide Investor relations and marketing services. FronTier is an investor relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness for the company using a number of financial market communications initiatives, including facilitating in-person [...]
Permex Petroleum Corporation announced today that it is conducting a non-brokered private placement financing of a minimum of 4,000,000 units up to a maximum of 10,000,000 units at a price of C$0.15 per Unit, for minimum aggregate proceeds of $600,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share in the capital of the Corporation and one Common Share purchase warrant (a "Warrant"), with each [...]
Permex Petroleum Corp. is pleased to announce that the OTC Markets Group has approved the listing of the Company's shares on its OTCQB Market under the ticker symbol "OILCF" and that trading will begin at market open on April 17, 2019. The Company's common shares will continue to trade on the Canadian Securities Exchange under the symbol OIL. "Trading on the OTCQB Market will expand Permex's presence in the United States [...]
Permex Petroleum Corp. announced today that the Company has submitted its application to list on the OTCQB tier of OTCMarkets in the United States. The Company stated that they meet all of the requirements to be eligible for OTCQB. The OTCQB membership provides enhanced investor benefits, including more stringent reporting standards, increased analyst coverage and access to news services, as well as more comprehensive [...]
Permex Petroleum Corporation today announces the termination of the non-brokered private placement offering of up to 7,500,000 units at a price of $0.20 per Unit that the Company previously announced on January 9, 2019. The Company has determined in light of market conditions that the current offering should be cancelled until further notice.
Permex Petroleum Corp. announced today that it is conducting a non-brokered private placement financing of a minimum of 2,500,000 units up to a maximum of 7,500,000 units at a price of C$0.20 per Unit, for minimum aggregate proceeds of $500,000 up to a maximum of C$1,500,000. Each Unit will consist of one common share in the capital of the Corporation and one Common Share purchase warrant (a "Warrant"), with each Warrant [...]
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