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How Will Pilot Energy’s $1.8M Convertible Note Deal Accelerate Carbon Storage?
10:00am on Monday 12th of May, 2025 AEST
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Energy
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How Will Pilot Energy’s $1.8M Convertible Note Deal Accelerate Carbon Storage?
10:00am on Monday 12th of May, 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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