Trio Petroleum Corp. announced that it has issued an unsecured promissory note for the gross proceeds of $125,000 on March 26, 2024. The transaction included participation from new lender Michael L. Peterson.

The note will carry interest rate of 10% per annum. The note will mature on September 26, 2024. The Company may prepay the note at any time prior to the note maturity date, in whole or in part, without premium or penalty.