2023年4月18日

美國加利福尼亞州丹維爾，貝克斯菲爾德，2023年4月17日(GLOBE NEWSWIRE)——Trio Petroleum Corp(“Trio”)是一家專注於加州戰略高增長能源項目的石油和天然氣勘探和開發公司，今天宣布其首次公開發行200萬股普通股的定價，發行價為每股3.00美元。扣除承銷折扣和傭金及其他發行費用前的總收益預計為600萬美元。此外，承銷商還獲得了45天的期權，可以額外購買至多30萬股普通股，以彌補超額配售。普通股預計將於2023年4月18日在美國紐約證券交易所(“紐約證券交易所美國人”)開始交易，代碼為“TPET”，在滿足慣例成交條件的情況下，發行預計將於2023年4月20日結束。斯巴達資本證券有限責任公司(Spartan Capital Securities, LLC)是此次發行的唯一簿記管理人。McDermott Will & Emery擔任Trio Petroleum Corp的法律顧問，Anthony L.G, PLLC擔任Spartan Capital Securities, LLC的法律顧問。Trio打算將此次發行的淨收益用於鑽井、償還債務、營運資金和一般企業用途。與這些證券相關的注冊聲明於2023年4月17日由美國證券交易委員會(“SEC”)宣布生效。此次發行僅通過招股說明書進行。與此次發行相關的最終招股說明書的副本可從美國證券交易委員會(www.sec.gov)和斯巴達資本證券有限責任公司(Spartan Capital Securities, LLC, Attn:招股說明書部，45 Broadway, 19樓，New York, NY 10006)獲得，或通過電子郵件:investmentbanking@spartancapital.com獲得。本新聞稿不構成出售要約或邀請購買要約，也不應在任何州或司法管轄區出售這些證券，在這些州或司法管轄區根據任何此類州或司法管轄區的證券法注冊或資格之前，此類要約、邀請或出售將是非法的。 About Trio Petroleum Corp Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. The Company has a large, approximately 8,600-acre asset called the “South Salinas Project Asset” where it owns an 85.75% working interest. Trio’s immediate plans are to commence drilling of its development well named HV-1 followed by drilling a second well named HV-2. Previous operations on this asset have successfully drilled two (2) producing wells. Trio has permits in place to drill and produce these wells. Cautionary Statement Regarding Forward-Looking Statements All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words "estimates," "believes," "hopes," "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements,including any statements made with respect to the initial public offering and Trio’s intended use of proceeds from the initial public offering. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov . Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: