Company retires remaining Outstanding Convertible Investments
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Trio Petroleum Corp has fully repaid its senior secured convertible promissory notes worth $1.6 million, which were issued in April and June 2024. This move eliminates outstanding convertible investments for the company.
January 16, 2025 | 1:45 pm
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Trio Petroleum Corp has repaid $1.6 million in senior secured convertible promissory notes, eliminating its outstanding convertible investments.
The repayment of $1.6 million in convertible notes reduces Trio Petroleum's debt obligations, potentially improving its financial stability and investor confidence. This could positively impact the stock price in the short term.
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