Permex Petroleum Corporation Files Preliminary Prospectus for Initial Public Offering led by Canaccord Genuity and including Gravitas Securities

Vancouver, British Columbia – January 5, 2018: Permex Petroleum Corporation (the “Corporation“) is pleased to announce that it has filed a preliminary prospectus (the “Prospectus“) with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Saskatchewan and Ontario in connection with the proposed initial public offering (the “Offering“) of the Corporation’s common shares (the “Shares“). The Offering consists of a minimum of 5,000,000 Shares for gross proceeds of $2,500,000 and a maximum of 20,000,000 Shares for gross proceeds of $10,000,000.

The Offering is being made on a commercially reasonable efforts basis through a syndicate of agents led by Canaccord Genuity Corp. and including Gravitas Securities Inc. (collectively, the “Agents“).

There can be no assurance that the Offering will be completed. An investment in the Shares is subject to a number of risks. For more information, potential investors should read the Prospectus, including the risk factors described in the Prospectus, which is available from the Agents and on SEDAR at www.sedar.com. The Prospectus has not yet become final for the purpose of a distribution to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

United States Advisory

This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction outside Canada. This press release does not constitute or form part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities offered pursuant to the Prospectus have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There will be no public offering of securities in the United States.

About Permex Petroleum Corporation

Permex Petroleum Corporation is a junior oil and gas company with a focus on identifying, evaluating and acquiring oil and natural gas assets in North America and enhancing and developing its currently held oil and natural gas assets in the State of Texas and the State of New Mexico.


CONTACT INFORMATION

Permex Petroleum Corporation
Mehran Ehsan
President & Chief Executive Officer
(604) 259-2525

Or for Investor Relations please contact:
The Howard Group Inc.
Dave Burwell
Tel: +1(403) 221-9015
Toll Free in Canada: 1-888-221-091

No securities regulatory authority has either approved or disapproved of the contents of this press release.