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Insiders buying at MATRRIX Energy Tech (:MXX)

Updated Friday Nov 24, 2017 02:05 AM EDT

The following insiders acquired MATRRIX Energy Tech Common Shares on a direct ownership basis at a reported price of 31 cents either through a private transaction or a prospectus or exempt offering on November 21st:

Elson John McDougald, a Director, acquired 805,000 Common Shares. This represents a $249,550 investment into the company's shares and an account share holdings change of 43.2%.

Richard Timothy Ryan, CEO and Director, acquired 805,000 Common Shares. This represents a $249,550 investment into the company's shares and an account share holdings change of greater than 100%.

Thane Geoffrey Russell, a Director, acquired 322,600 Common Shares. This represents a $100,006 investment into the company's shares and an account share holdings change of 31.2%.

Rodger Glen Hawkins, a Director, acquired 300,000 Common Shares. This represents a $93,000 investment into the company's shares and an account share holdings change of greater than 100%.

Charles Lloyd, a Senior Officer, acquired 64,000 Common Shares. This represents a $19,840 investment into the company's shares and an account share holdings change of 40.0%.

Robert Clayton van Bostelen, a Senior Officer, acquired 64,000 Common Shares. This represents a $19,840 investment into the company's shares and an account share holdings change of 32.0%.

Jeffrey Schab, CFO, acquired 32,252 Common Shares. This represents a $9,998 investment into the company's shares and an account share holdings change of greater than 100%.

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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