Off-market insider buying at Canadian Spirit Resources (SPI)

Off-market insider buying at Canadian Spirit Resources (V:SPI)

Elmag Investments inc., a 10% Holder, acquired 32,000,000 Common Shares on a direct ownership basis at a price of $0.050 through a private transaction on November 9th, 2020. The insider also acquired 20,000,000 Warrants with an exercise price of $0.080 for two years. This represents a $1,600,000 investment into the company's shares and an account share holdings change of 32.2%.

Canadian Spirit Resources is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Canadian Spirit Resources Inc. is a natural resources company. The Company is focused on the exploration and development of opportunities in the unconventional natural gas resource sector of the energy industry. The Company operates through the exploration, development and production of petroleum and natural gas segment. The Company is engaged in the sale of petroleum and natural gas within Canada. Operating on its own working interest lands and together with its joint venture partner, the Company's principal activity is exploring and developing the productive capability of its Montney unconventional natural gas and natural gas liquids play in the Farrell Creek/Altares area of northeastern British Columbia. The Williston Reservoir Water Pipeline Project delivers approximately 10,000 cubic meter per day (m3/d) of fresh water from the Williston Reservoir to the Farrell Creek/Altares area in northeastern British Columbia.