News Release - Early Warning Report Regarding Stephen Stewart
Stephen Stewart has increased his position in Metal Energy Corp (TSXV: MERG) through a market purchase of 500,000 common shares at $0.03 per share, totaling $15,000. Following this transaction, Stewart now holds 13,600,000 common shares on a non-diluted basis and 17,700,000 on a partially diluted basis, representing 11.5% and 14.9% of the total issued shares respectively. Prior to this purchase, he owned 13,100,000 shares plus 4,100,000 options and warrants. The shares are held for investment purposes, with no immediate plans for further actions regarding the company's securities.
Stephen Stewart ha aumentato la sua posizione in Metal Energy Corp (TSXV: MERG) attraverso un acquisto sul mercato di 500.000 azioni ordinarie a $0,03 per azione, per un totale di $15.000. Dopo questa transazione, Stewart detiene ora 13.600.000 azioni ordinarie su base non diluita e 17.700.000 su base parzialmente diluita, rappresentando rispettivamente l'11,5% e il 14,9% delle azioni emesse totali. Prima di questo acquisto, possedeva 13.100.000 azioni più 4.100.000 opzioni e warrant. Le azioni sono detenute a scopo di investimento, senza piani immediati per ulteriori azioni riguardanti i titoli della società.
Stephen Stewart ha incrementado su posición en Metal Energy Corp (TSXV: MERG) a través de una compra en el mercado de 500,000 acciones ordinarias a $0.03 por acción, sumando un total de $15,000. Tras esta transacción, Stewart ahora posee 13,600,000 acciones ordinarias en una base no diluida y 17,700,000 en una base parcialmente diluida, lo que representa el 11.5% y el 14.9% del total de acciones emitidas, respectivamente. Antes de esta compra, tenía en su poder 13,100,000 acciones más 4,100,000 opciones y warrants. Las acciones se mantienen con fines de inversión, sin planes inmediatos para más acciones relacionadas con los valores de la empresa.
스티븐 스튜어트는 Metal Energy Corp (TSXV: MERG)의 보유 지분을 500,000주의 보통주를 주당 $0.03에 시장 구매하여 증가시켰으며, 총액은 $15,000입니다. 이 거래 이후 스튜어트는 비희석 기준으로 13,600,000주의 보통주와 부분 희석 기준으로 17,700,000주를 보유하며 각각 전체 발행 주식의 11.5%와 14.9%를 차지합니다. 이 구매 이전에 그는 13,100,000주와 4,100,000개의 옵션 및 워런트를 소유하고 있었습니다. 이 주식은 투자를 목적으로 보유하고 있으며, 회사의 유가 증권에 대한 추가 행동 계획은 없습니다.
Stephen Stewart a augmenté sa position dans Metal Energy Corp (TSXV: MERG) par l'achat sur le marché de 500 000 actions ordinaires à 0,03 $ par action, soit un total de 15 000 $. Suite à cette transaction, Stewart détient désormais 13 600 000 actions ordinaires sur une base non diluée et 17 700 000 sur une base partiellement diluée, représentant respectivement 11,5 % et 14,9 % du total des actions émises. Avant cet achat, il possédait 13 100 000 actions ainsi que 4 100 000 options et bons de souscription. Les actions sont détenues à des fins d'investissement, sans plans immédiats pour des actions supplémentaires concernant les titres de l'entreprise.
Stephen Stewart hat seine Position in Metal Energy Corp (TSXV: MERG) durch den Kauf von 500.000 Stammaktien zu je 0,03 $ pro Aktie aufgestockt, was insgesamt 15.000 $ ausmacht. Nach dieser Transaktion hält Stewart jetzt 13.600.000 Stammaktien auf nicht verwässerter Basis und 17.700.000 auf teilweise verwässerter Basis, was jeweils 11,5% und 14,9% der insgesamt ausgegebenen Aktien entspricht. Vor diesem Kauf besaß er 13.100.000 Aktien sowie 4.100.000 Optionen und Warrants. Die Aktien werden zu Investitionszwecken gehalten, ohne unmittelbare Pläne für weitere Maßnahmen bezüglich der Unternehmenswerte.
- Insider buying shows management confidence with $15,000 investment
- Increased ownership stake to 11.5% from 11% (non-diluted basis)
- None.
Toronto, Ontario--(Newsfile Corp. - November 18, 2024) - This news release is being disseminated as required by National Instrument 62‐103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of the early warning report regarding the acquisition of securities of Metal Energy Corp. (the "Company") by Stephen Stewart (the "Acquiror"). The common shares of the Company (the "Common Shares") trade on the TSX Venture Exchange (the "TSXV") under the symbol "MERG".
On November 15, 2024, the Acquiror purchased 500,000 Common Shares on the open market through the facilities of the TSXV at the market price of
Immediately prior to closing the Offering, the Acquiror owned and exercised control or direction over 13,100,000 Common Shares, as well as 4,100,000 options and warrants convertible into Common Shares, representing
After giving effect to the Market Purchase, the Acquiror now holds a total of 13,600,000 Common Shares on a non-diluted basis and 17,700,000 on a partially diluted basis, representing
The Common Shares are held by the Acquiror for investment purposes. The Acquiror currently has no plans or intentions that relate to or would result in any of the items listed in items 5(a) to 5(k) of the Early Warning Report. However, depending on market conditions, general economic and industry conditions, trading prices of the Company's securities, the Company's business, financial condition and prospects and/or other relevant factors, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares or other securities of the Company.
A copy of the Early Warning Report to be filed by the Purchaser, will be available on SEDAR+ under the Company's profile on www.sedarplus.ca.
For more information, or to obtain copies of the Early Warning Report, please contact: James Sykes, CEO, info@oregroup.ca. The Company's head office is located at Suite 1805, 55 University Avenue, Toronto, ON M5J 2H7. The Acquiror's address is Suite 1805, 55 University Avenue, Toronto, ON M5J 2H7.
Early Warning Report Regarding Stephen Stewart
https://bit.ly/3OdChuF
Chairman of Metal Energy Boosts Share Position
Full release https://bit.ly/3OdChuF
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230352
FAQ
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