Pilot Energy Limited announced a private placement of convertible notes for the gross proceeds of AUD 1,805,000 on January 23, 2025. The company has raised AUD 1,630,000 and AUD 175,000 in convertible notes to two sophisticated investors. An interest will be payable in respect of the Notes at the rate of 12% compounding, payable quarterly.
The notes will be convertible at a conversion price of AUD 0.02 per share. Each of the Notes are unsecured.
















