Mehran Ehsan - 10 Nov 2022 Form 3 Insider Report for Permex Petroleum Corp (OILCF)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
3
Accepted by SEC
10 Nov 2022, 20:08:00 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mehran Ehsan

Key filing fact

Mehran Ehsan filed Form 3 for Permex Petroleum Corp (OILCF) on 10 Nov 2022.

Key facts

  • This page summarizes Mehran Ehsan's Form 3 filing for Permex Petroleum Corp (OILCF).
  • 0 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 10 Nov 2022, 20:08.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OILCF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
34,283
Date
10 Nov 2022
Ownership
Direct
OILCF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
41,667
Date
10 Nov 2022
Ownership
By N.A. Energy Resources Corporation
Footnotes
F1
OILCF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
417
Date
10 Nov 2022
Ownership
By spouse
OILCF holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,111
Date
10 Nov 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OILCF holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,250
Exercise price
$21.90
Footnotes
F3
OILCF holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,500
Exercise price
$10.51
Footnotes
F3
OILCF holding Derivative

Common Stock Warrants (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,111
Exercise price
$9.60
Footnotes
F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The reporting person is the President and Chief Executive Officer of N.A. Energy Resources Corporation and in such capacity has the right to vote and dispose of the securities held by such entity.

Footnote F2

The reporting person was issued a secured convertible debenture in the principal amount of CAD$100,000, which debenture is convertible at the holder's option into units of the Company at US$7.20 (CAD$9.00) per unit. Each unit will be comprised of one common share of the Company and one common share purchase warrant. Each common share purchase warrant entitles the reporting person to acquire one additional common share for a period of three years at an exercise price of US$9.60 (CAD$12.00). As of the date of this report, the reporting person has not elected to convert the secured convertible debenture, and as a result, no units have been issued.

Footnote F3

The option has fully vested.

Footnote F4

The reported shares are issuable to the reporting person upon exercise of a warrant that will be issued to the reporting person upon conversion of a secured convertible debenture. See footnote (2).

SEC remarks

Exhibit 24.1 - Power of Attorney

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