GMT Capital and others buying at Coelacanth Energy (CEI)

GMT Capital and others buying at Coelacanth Energy (V:CEI)

Updated Monday Nov 20, 2023 03:35 AM EDT
GMT Capital Corp, a 10% Holder, acquired $36,500,000 worth of company Common Shares at a price of $0.80 through a prospectus or prospectus exempt offering for a variety accounts on November 16, 2023. The transactions also included private placement Warrants with an exercise price of $1.05 for 12 months.

In addition, Bret Alan Kimpton, a Senior Officer, acquired 625,000 Common Shares on a direct ownership basis at a price of $0.800 through a prospectus or prospectus exempt offering on November 16th, 2023. The insider also acquired 625,000 Private Placement Warrants with an exercise price of $0.800 for five years. This represents a $500,000 investment into the company's shares and an account share holdings change of greater than 100%.

Jody Denis, a Senior Officer, also acquired 125,000 Common Shares on a direct ownership basis and 125,000 Private Placement Warrants with a 5-year exercise price of $0.800 through a prospectus or prospectus exempt offering on November 16th, 2023. This represents a $100,000 investment into the company's shares and an account share holdings change of 29.9%.

Vermilion Energy Inc., a 10% Holder, acquired 7,000,000 Short Form Warrants on a direct ownership basis at an exercise price of $1.050 for one year through a prospectus or prospectus exempt offering on November 15th, 2023. This represents a $0 investment into the company's shares and an account share holdings change of 0%.

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

Coelacanth Energy Inc. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The Company has land located in the Two Rivers area of northeastern British Columbia. The Company owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified about 8.9 billion barrels (bbls) of crude oil of Original Oil in Place (OOIP) and about 8.6 trillion cubic feet (tcf) of Original Gas in Place across these lands.

Headlines: Nov 20, 2023


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