Multiple buying at Velan (VLN)

Multiple buying at Velan (T:VLN)

Jacques Latendresse, a Director, acquired 26,500 Subordinate Voting Shares on an indirect ownership basis for registered holder J.M.V. International Inc. at a price of $9.224 on May 22nd, 2019. This represents a $244,439 investment into the company's shares and an account share holdings change of greater than 100%.

Yves Jacques Leduc, CEO and Director, acquired 15,000 Subordinate Voting Shares on a direct ownership basis at a price of $9.123 on May 23rd, 2019. This represents a $136,845 investment into the company's shares and an account share holdings change of 60.0%.

John Ball, CFO, acquired 5,000 Subordinate Voting Shares on a control or direction basis for registered holder spousal RRSP at prices ranging from $9.190 to $9.500 on May 21st, 2019. This represents a $46,707 investment into the company's shares and an account share holdings change of greater than 100%.

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.