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Trio Petroleum raises $24M, plans Canadian acquisitions to boost growth and production

Company Fundamentals
11 May 2026
GlobeNewsWire
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Bullish
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Trio Petroleum Corp has raised approximately $24 million through its At-The-Market equity program, strengthening its financial position. The company is now focusing on strategic acquisitions, particularly targeting Canadian oil and gas assets, which offer attractive valuations and growth potential. Management believes these acquisitions will significantly expand production and cash flow, accelerating growth beyond organic development. Trio encourages shareholders to support its plans at the upcoming May 21 annual meeting, aiming for long-term value creation.

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