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Kolibri Global Energy Inc. Provides Additional Details Regarding Rights Offering
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Kolibri Global Energy Inc. (TSX: KEI, OTCQB: KGEIF) announced the conclusion of its rights offering on December 29, 2021. In this Offering, insiders acquired a total of 15,520,080 shares through basic subscription and 50,327,366 shares via additional subscription privileges. The only insider reported from this Offering is Polygon Global Partners LLP. Kolibri focuses on energy projects across oil, gas, and sustainable energy, operating mainly in the United States.
Positive
Insiders acquired a total of 65,847,446 shares, indicating confidence in the company's future.
The rights offering allowed for significant insider participation, showcasing support from existing stakeholders.
Negative
None.
NEWBURY PARK, Calif.--(BUSINESS WIRE)--
Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF) is providing additional details of its rights offering (the “Offering”), which expired on December 29, 2021.
To the knowledge of the Company, only Polygon Global Partners LLP became an insider pursuant to the Offering. New and existing insiders, as a group, acquired an aggregate of 15,520,080 shares pursuant to basic subscription privileges and 50,327,366 shares pursuant to additional subscription privileges.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.
