Debenture default
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Permex Petroleum Announces Receipt of Notice of Default from Debentureholders and Failure to File Annual Audited Financial Statements
TMX Newsfile· 2026-01-31 00:12
Core Points - Permex Petroleum Corporation has received a Notice of Default from holders of its secured convertible debentures, which have an aggregate principal of $4,276,389 and an interest rate of 10% per annum [1][2] - The Company failed to make any payments on the Debentures by the due date of November 2, 2025, and has been demanded to pay all outstanding indebtedness by February 18, 2026, or face potential repossession of collateral [2] - Permex has not filed its audited annual financial statements for the year ended September 30, 2025, by the regulatory deadline of January 28, 2026 [3]