Mullens are buying at Mullen Group (MTL)

Mullens are buying at Mullen Group (T:MTL)

Murray Kenneth Mullen, CEO and Director, acquired 272,890 Common Shares on an indirect ownership basis for registered holder 1174227 Alberta Ltd. and 1,323,270 Common Shares on an indirect ownership basis for registered holder 2013845 Alberta Ltd. at a price of $14.670 through a private transaction on May 18th, 2017. This represents a $23,415,667 investment into the company's shares and an account share holdings change of 67.8%.

In addition, David Edward Mullen, a Director, acquired 880,190 Common Shares on an indirect ownership basis for registered holder 2013843 Alberta Ltd. at a price of $14.670 through a private transaction on the same day. This represents a $12,912,387 investment into the company's shares and an account share holdings change of greater than 100%.

Mullen Group is in the Oil Related Services and Equipment Sub Industry Group under the Energy Sector.

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States. These services include transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand. The Oilfield Services segment consists of over 10 Business Units that provide transportation services, drilling, well-servicing and dewatering services to the oil and natural gas industry. These services include transporting of oversize and overweight shipments, conductor pipe setting, core drilling, and transportation and disposal of fluids.