Lyle Clarence Whitmarsh, a Senior Officer, acquired 2,380,000 Common Shares on a direct ownership basis at a price of $0.315 through a private transaction on August 18th, 2017. This represents a $749,700 net investment into the company's shares and an account share holdings change of greater than 100%.
On the same terms, Elson John McDougald, a Director, acquired 793,000 Common Shares on a direct ownership basis. This represents a $249,795 investment into the company's shares and an account share holdings change of 74.0%. In addition, Thane Geoffrey Russell, a Director, acquired 500,000 Common Shares also on a direct ownership basis. This represents a $157,500 investment into the company's shares and an account share holdings change of 93.8%.
MATRRIX Energy Tech is in the Oil & Gas Drilling Sub Industry Group under the Energy Sector.
MATRRIX Energy Technologies Inc. is a Canada-based company engaged in the acquisition and delivery of horizontal and directional drilling technologies for oil and gas clients in North America. The Company operates through two geographical segments: Canada and the US. For both segments, the Company is engaged in providing various services and supplying oil and gas down hole drilling technologies to customers. The Company's principal business is to purchase and deploy drilling technology in Canada and the United States, and to seek investment opportunities to acquire existing, complimentary drilling technology and/or services businesses. It has approximately 20 horizontal and directional drilling systems available for field deployment in Canada. It operates in Alberta, British Columbia and Saskatchewan. The Company's subsidiaries include MATRRIX (US) Energy Technologies Inc.
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