14 May 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Apr 2025securities registration● Neutral
Trio Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
18 Apr 2025material agreement▼ Bad
Extended the Heavy Sweet Asphalt Ridge option yet again (Amendment No. 6) -- eighteen months of repeated extensions with no deal closed.
17 Apr 2025capital raising announcement▼ BadMajor
Issued a $321,176 unsecured convertible note (15% OID, $273,000 funded) on April 11, 2025, then replaced it six days later with an amended note of $712,941 face and $606,000 funded. The conversion floor was $0.48 and the note matures October 10, 2025.
10 Apr 2025asset acquisition disposition▲ GoodMajor
Made its first international move: formed subsidiary Trio Petroleum Canada Corp to buy Novacor Exploration Ltd.'s heavy-oil assets in Lloydminster, Saskatchewan, funding the purchase with a US$1,131,000, 3-year, 12% loan from the parent company to the new subsidiary.
14 Mar 2025quarterly activities report▼ Bad
Trio Petroleum Corp reported quarterly revenue of $11 thousand and a net loss of $1.6 million for the period ended 2025-01-31.
28 Feb 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
26 Feb 2025material agreement▼ Bad
Extended the Heavy Sweet Asphalt Ridge option twice more (to February 10, then April 10, 2025) -- fifteen months after signing, the option still hasn't converted into an actual acquisition.
13 Feb 2025substantial holder notice● Neutral
Ayrton Capital LLC reported a Trio Petroleum Corp shareholding of 0.10% of votes in a periodic institutional filing.
5 Feb 2025securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
29 Jan 2025material agreement▼ Bad
Signed Amendment No. 1 pushing each payment on the August 2024 note back by a month, and agreed to exchange the $285,852 outstanding balance on February 10, 2025 for shares priced at 75% of the lowest closing price in the prior 10 trading days.
16 Jan 2025director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 1,250 shares at $1.73.
8 Jan 2025material agreement● Neutral
Let CFO Greg Overholtzer's employment agreement lapse at year-end 2024 and immediately re-engaged him as an independent contractor to continue serving as CFO.
12 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 2,750 shares at $1.08.
5 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director John W. Randall received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director John Hunter William received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp director James Howard Blake received 12,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp Chief Executive Officer Robin A. Ross received 127,500 shares as part of the equity award.
4 Dec 2024director interest notice● Neutral
Trio Petroleum Corp Chief Financial Officer Gregory L Overholtzer received 10,000 shares as part of the equity award.
29 Nov 2024director interest notice● Neutral
James Howard Blake became a Trio Petroleum Corp director and company insider (initial ownership filing).
29 Nov 2024securities registration● Neutral
Trio Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
14 Nov 2024substantial holder notice● Neutral
Ayrton Capital LLC, Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Waqas Khatri disclosed a new substantial Trio Petroleum Corp shareholding (8.60% of votes).
6 Nov 2024listing compliance notice▼ BadMajor
Received notice on November 5, 2024 that NYSE American had halted trading in its shares over a consistently low share price. The 1-for-20 reverse split takes effect November 14, and NYSE American will try to reopen trading on November 15.
21 Oct 2024director interest notice● Neutral
Trio Petroleum Corp director Thomas J Pernice sold 25,000 shares at $0.15.
27 Sept 2024material agreement▼ BadMajor
Extended the $125,000 Peterson note, lent in March 2024 by its consultant and former CEO, to October 28, 2024 for a $5,000 fee. Also opened a $4.8 million at-the-market sales agreement with Spartan Capital and extended the Heavy Sweet option to December 10, 2024.
27 Sept 2024securities registration● Neutral
Trio Petroleum Corp filed a prospectus supplement for an offering off its existing shelf.
19 Sept 2024material agreement▼ Bad
Amended both the April and June 2024 convertible notes to reprice conversion using a market-average formula -- continuing to loosen note terms as the company's financial position stayed strained.
12 Sept 2024quarterly activities report▼ Bad
Trio Petroleum Corp reported quarterly revenue of $63 thousand and a net loss of $2.2 million for the period ended 2024-07-31.
12 Sept 2024capital raising announcement● Neutral
Hired a media/advertising consultant, paid partly in 250,000 restricted shares.