Off-market insider buying at Xebec Adsorption (XBC)

Off-market insider buying at Xebec Adsorption (T:XBC)

Simon David Arnsby, a 10% Holder, acquired 500,000 Common Shares on a direct ownership basis at a price of $0.750 through a prospectus or prospectus exempt offering on November 7th, 2018. The insider also acquired 250,000 Warrants with an exercise price of $1.050 until May 7th, 2020. This represents a $375,000 investment into the company's shares and an account share holdings change of 9.6%.

Xebec Adsorption is in the Environmental Services & Equipment Sub Industry Group under the Industrials Sector.

Xebec Adsorption Inc. (Xebec) is a provider of gas purification and filtration solutions for the natural gas, field gas, biogas, nitrogen, oxygen, helium and hydrogen markets. The Company is engaged in the design and manufacturing of filtration, purification, separation and dehydration equipment for gases and compressed air. Xebec designs, engineers and manufactures products that transform raw gases into marketable sources of clean energy. The Company's product segments are biogas plants for the purification of biogas from agricultural digesters, landfill sites and waste water treatment plants; natural gas dryers for natural gas vehicles (NGV) refueling stations, and associated gas purification systems, including helium and hydrogen purification systems for fuel cell and industrial applications. Xebec operates approximately two manufacturing facilities in Blainville, and Shanghai, People's Republic of China, as well as a sales and distribution network in North America and Asia.