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How Will Pilot Energy’s $1.8M Convertible Note Deal Accelerate Carbon Storage?

2:45am on Monday 2nd of June, 2025 AEST Energy
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How Will Pilot Energy’s $1.8M Convertible Note Deal Accelerate Carbon Storage?

2:45am on Monday 2nd of June, 2025 AEST
Key Points
  • Binding $1.8 million convertible note agreement with Discovery-led syndicate
  • $750,000 advanced immediately without conversion rights
  • Funding supports transition of Cliff Head facilities to carbon injection and storage
  • Shareholder approval required for full note issuance
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