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CEO, officers buying at Acceleware (V:AXE)

Updated Thursday Sep 28, 2017 01:54 AM EDT

Daniel Leonard Cyca, a Senior Officer, acquired 250,000 Common Shares at a price of $0.180 and 125,000 Warrants exercisable at $0.270 until Sept. 26, 2019 on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th, 2017. This represents a $45,000 investment into the company's shares and an account share holdings change of 5.9%.

Under the same terms:

Geoffrey Blair David Clark, CEO and CFO, acquired 150,500 Common Shares and 75,250 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th, 2017. This represents a $27,090 investment into the company's shares and an account share holdings change of 14.1%.

Michal Okoniewski, a Senior Officer, acquired 147,000 Common Shares and 13,230 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th, 2017. This represents a $26,460 investment into the company's shares and an account share holdings change of 6.3%.

Peter Micheal Neweduk, a Director, acquired 27,500 Common Shares and 13,750 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th, 2017. This represents a $4,950 investment into the company's shares and an account share holdings change of 2.6%.

Acceleware is in the Software Sub Industry Group under the Technology Sector.

Acceleware Ltd. (Acceleware) is a Canada-based oil and gas technology development company. The Company is engaged in the development and marketing of special purpose software accelerators used to reduce engineering design simulation and data processing run times. The Company also provides software development consulting services and training programs in the field of high performance computing (HPC). Acceleware provides seismic imaging software that enables oil and gas companies to find hydrocarbons in geological formations. In addition to off-the-shelf software, Acceleware offers customized geoscientific software and custom HPC software development services for oil and gas customers. In addition to geoscience software, Acceleware is engaged in developing technology to utilize radio frequency (RF) electro-magnetic energy to heat heavy oil and oil sands deposits to facilitate extraction. Acceleware's software products utilize a range of parallel computing hardware platforms.

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Go to Acceleware Ltd. (AXE)'s company page

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