Multiple buying at Pennine Petroleum (PNN)

Multiple buying at Pennine Petroleum (V:PNN)

Neville Desmond George Smith, CEO and Director, acquired 1,250,000 Common Shares on a direct ownership basis at a price of $0.060 through a private transaction on May 23rd, 2017. The insider also acquired 1,250,000 Warrants with an exercise price of $0.100 for one year in the deal. This represents a $75,000 investment into the company's shares and an account share holdings change of 31.5%.

On the same terms, Richard Wadsworth, a Director, acquired 833,333 Common Shares and 416,667 Warrants on an indirect ownership basis for registered holder RWE Resources Inc. This represents a $50,000 investment into the company's shares and an account share holdings change of greater than 100%.

Raymond H. Gertz, a Director, acquired 350,000 Common Shares on an indirect ownership basis for registered holder RRSP and 166,666 Common Shares on an indirect ownership basis for registered holder sea-ar enterprises. The insider also acquired 350,000 Warrants on an indirect ownership basis for registered holder RRSP and 166,666 Warrants on an indirect ownership basis for registered holder sea-ar enterprises. This represents a $31,000 investment into the company's shares and an account share holdings change of 3.0%.

Jeffrey Walter Saxinger, CFO and Director, acquired 250,000 Common Shares and 250,000 Warrants on a direct ownership basis. This represents a $15,000 investment into the company's shares and an account share holdings change of 5.4%.

Pennine Petroleum is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Pennine Petroleum Corporation (Pennine) is a Canada-based junior oil and gas company. The Company is engaged in the evaluation, acquisition, exploration and development of oil and gas properties in Western Canada. The Company's Success area is located near Swift Current, Saskatchewan. Pennine is an interest holder in approximately 800 gross acres of petroleum and natural gas rights in the Success area. There are approximately two wells on its Chauvin South East Central Area, Alberta property, located approximately 240 kilometers southeast of Edmonton, Alberta. Pennine holds an interest in the 14-6-42-1W4 and the 16-1-42- 2W4 well. It has over 10 contiguous sections of petroleum and natural gas rights in the Youngstown area of Alberta. The principal producing zones are the Belly River, Milk River and Mannville formations. Pennine has an interest in a section of petroleum and natural gas rights in the property located in Township 38 Range.