Kelt Exploration (KEL) has notable insider buying

Kelt Exploration (T:KEL)

Bruce Douglas Gigg, a Senior Officer, acquired 10,000 Common Shares on a direct ownership basis at a price of $1.170 through the public market on March 12th, 2020. This represents a $11,700 investment into the company's shares and an account share holdings change of 7.1%.

David John Wilson, CEO, Director and 10% Holder executive, acquired 489,400 Common Shares on a direct ownership basis at a price of $1.350 through the public market on March 11th, 2020. The insider also acquired 1,191,050 Common Shares on an indirect ownership basis for registered holder 710719 Alberta Inc. at a price of $1.280 through the public market on March 11th, 2020. The insider also acquired 418,000 Common Shares on an indirect ownership basis for registered holder David and Penny Wilson Family Foundation at prices ranging from $1.180 and $1.250 through the public market between March 11th, 2020 and March 13th, 2020. This represents a $2,689,449 investment into the company's shares and an account share holdings change of 21.5%.

Kelt Exploration Ltd. is an oil and gas company based in Calgary, Alberta. The Company is focused on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company's land holdings are located in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta. The Company holds interests in approximately 136,000 gross acres in Greater Grande Cache area, which is located approximately 30 kilometers north of Grande Cache, Alberta. It also has interests in over 89,760 gross acres in Karr area. The Company has interests in over 394,190 acres in Grande Prairie area. It holds interests in over 88,120 gross acres in Inga area. The Company holds interests in over 50,550 acres in Fireweed area. The Company also has interests in approximately 53,040 gross acres in Stoddart area.