Permex Petroleum Announces Filing of S-1 Resale Registration Statement

VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) -- Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) ("Permex" or the "Company"), a uniquely-positioned junior oil and gas company, today announced that it has filed a resale registration statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) to register the resale of shares of common stock issued and issuable upon the exercise of warrants (the “Securities”) issued in the Company’s private placement transaction, which closed on March 28, 2022. The Registration Statement was filed under the terms of a registration rights agreement to register the resale of the Securities by certain selling shareholders named in the Registration Statement under the U.S. Securities Act of 1933, as amended.

The Registration Statement relating to these Securities has been filed with the SEC, but has not yet been declared effective. These Securities may not be sold nor may offers to buy be accepted until the Registration Statement becomes effective. The Registration Statement is subject to amendment and completion.

The Registration Statement and preliminary prospectus may be accessed through the SEC’s website at www.sec.gov. A copy of the prospectus related to the offering may be obtained from Permex Petroleum Corporation, 100 Crescent Court, Suite 700, Dallas, Texas, 75201, or by calling [phone].

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of any securities, in any state or jurisdiction in which the offer, solicitation, or sale of securities would be unlawful. The securities being offered have not been approved or disapproved by the SEC or any Canadian securities commission, nor has any such regulatory authority passed upon the accuracy or adequacy of the Registration Statement.

About Permex Petroleum Corporation

Permex Petroleum (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates on private, state and federal land. For more information, please visit www.permexpetroleum.com.