Frank Giustra, a 10% Holder, acquired 2,250,000 Common Shares on a direct ownership basis, 2,515,214 Common Shares on a control or direction basis for registered holder Canada Life Ltd. and 238,750 Common Shares on a control or direction basis for registered holder Fiore Financial Corporation and 250,000 Common Shares on a control or direction basis for registered holder The Radcliffe Corporation at a price of $0.800 through a private transaction on July 31st, 2017.
He also acquired the same number of Warrants with an exercise price of $1.050 for 5 years. This represents a $4,203,171 investment into the company's shares and an account share holdings change of greater than 100%.
PentaNova Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
PentaNova Energy Corp, formerly PMI Resources Ltd, is a Canada-based exploration-stage company. The Company is engaged in the acquisition, exploration and evaluation of oil and gas properties in France, including two exploration licenses (Ger and Ledeiux) totaling approximately 169,790 net acres located in the gas producing Acquitaine Basin. The Company operates through the exploration, development and production of hydrocarbons and the sale of hydrocarbons and related activities segment. The Company conducts its principal operations through its subsidiary, Petromanas Energy (France) SAS, which holds exploration licenses in France. The Company's portfolio includes approximately 170,000 acres in France. The Company has not generated any revenue.
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