- Vermilion (VET) has increased its stake in Coelacanth Energy (CEI)
- The purchase equals over 2 per cent of Coelacanth’s issued and outstanding common shares, which requires the filing of an early warning report
- Vermilion now controls 16.3 per cent of issued and outstanding CEI shares
- Vermilion Energy is an international oil and natural gas producer active in North America, Europe and Australia
- Coelacanth Energy is an oil and natural gas exploration and development company in B.C.
- Vermilion (VET) is up by 3.57 per cent, trading at $32.17 per share
- Coelacanth Energy (CEI) is up by 1.43 per cent, trading at $0.71 per share
Vermilion (VET) has increased its stake in Coelacanth Energy (CEI).
Vermilion’s purchase equals over 2 per cent of Coelacanth’s issued and outstanding common shares, which requires the filing of an early warning report.
From June 20, 2022, to October 3, 2022, Vermilion acquired 7,057,322 CEI shares at prices ranging from C$0.54 to $0.85 for a total of $4.8 million.
On June 2, 2022, Vermilion acquired 1,444,804 CEI shares through the exercise of 1,444,804 purchase warrants at $0.27 for a total of $0.4 million.
Prior to the transactions, Vermilion controlled 17.7 per cent of Coelacanth’s issued and outstanding common shares. Following the transactions, its stake now stands at 16.3 per cent.
Vermilion Energy is an international oil and natural gas producer active in North America, Europe and Australia.
Coelacanth Energy is an oil and natural gas exploration and development company in northeastern B.C. Its resources include 8.9 billion bbls of original oil in place and 8.6 tcf of original gas in place.
Vermilion (VET) is up by 3.57 per cent, trading at $32.17 per share as of 10:37 am EST.
Coelacanth Energy (CEI) is up by 1.43 per cent, trading at $0.71 per share as of 10:30 am EST.
