Public market insider buying at Velan (VLN)

Public market insider buying at Velan (T:VLN)

Edward James Kernaghan, a 10% Holder, acquired 13,800 Subordinate Voting Shares on an indirect ownership basis for registered holder Kernwood Limited at prices ranging from $11.125 to $11.200 on October 12th, 2018. This represents a $153,934 investment into the company's shares and an account share holdings change of 1.4%.

Velan is in the Industrial Machinery & Equipment Sub Industry Group under the Industrials Sector.

Velan Inc. designs, manufactures and markets a range of industrial valves for use in various industry applications across the world, including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The Company produces steel industrial valves operating approximately 15 manufacturing plants across the world. The Company has operations in geographies, including Canada, the United States, France, Italy and Other. The Company's North American operations comprise approximately four manufacturing plants and a distribution facility in Canada, as well as a manufacturing plant and over three distribution facilities in the United States. The Company's overseas operations include manufacturing plants in France, Italy, Portugal, the United Kingdom, Korea, Taiwan, India and China. The Company's operations also include a distribution facility in Germany and over 50% owned Korean foundry.