Off-market insider selling at Pinnacle Renewable (PL)

Off-market insider selling at Pinnacle Renewable (T:PL)

ONCAP Investment Partners II L.P., a 10% Holder, disposed of 3,690,324 Common Shares on a direct ownership basis at a price of $13.750 through a prospectus or prospectus exempt offering on June 26th, 2018. This represents a $50,741,955 divestment of the company's shares and an account share holdings change of -26.1%.

Pinnacle Renewable is in the Forest & Wood Products Sub Industry Group under the Basic Materials Sector.

Pinnacle Renewable Holdings Inc is a Canada-based industrial wood pellet manufacturer and distributor. The Company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and power generators to produce renewable and reliable baseload power. The Company operates a number of industrial wood pellet production facilities, a port terminal, and have new production facilities under development in Entwistle, Alberta and Smithers, B.C. and has entered into long-term take-or-pay contracts with utilities in the UK, Europe and Asia.