Past year: ▼ 9%(1.70 – 3.60 USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 July 2025capital raising announcement▼ BadMajor
A single investor put up $2 million for more 10% senior secured debentures, again charged over company assets, three and a half months before the 2024 debentures were due. Permex was borrowing fresh secured money while an earlier secured lender was still waiting to be repaid.
7 Nov 2024capital raising announcement▼ BadMajor
Permex closed $4.28 million of 10% senior secured convertible debentures, but a third of that was not new money - just the April debentures rolled over - and the chief executive was among the subscribers. These are the notes due on 1 November 2025 that the company would fail to pay.
24 Sept 2024capital raising announcement▼ Bad
Nine days later the new raise was repriced: warrant strike cut from $4.90 to $1.91, conversion price from $4.08 to $1.91, and more than twice as many warrants per unit. Investors would not take the September terms.
13 Sept 2024capital raising announcement● NeutralMajor
Permex's shares resumed trading in Canada after the British Columbia regulator lifted a cease-trade order imposed in April for missing a year of financial statements. The company scrapped the February debenture raise and launched a replacement, this time paying 15%.
29 Feb 2024capital raising announcement▼ BadMajor
Permex set out to raise up to $20 million in 10% convertible debentures. The terms say more than the headline: the debentures fall due in three months rather than a year unless Permex signs a merger or share-exchange agreement the holders find acceptable, so the lenders were in effect requiring the company to go and find a buyer.
11 July 2023capital raising announcement▼ Bad
The warrant incentive brought in only $782,000: barely a quarter of the eligible warrants, 273,410 of about a million, were exercised even at the reduced price.
23 May 2023capital raising announcement▼ Bad
Permex cut the exercise price on about a million existing warrants to $2.86 and offered a bonus five-year warrant to anyone who paid up within a month - a way of raising cash from holders it already had, at the cost of more dilution.
