Fotis Kalantzis, a Senior Officer, acquired 105,798,000 Common Shares on a direct ownership basis at a price of $0.010 through a prospectus or prospectus exempt offering on December 19th, 2019. The insider also acquired 70,000,000 Common Shares on a control or direction basis for registered holder 1682521 Alberta Ltd., 104,177,000 Common Shares on a control or direction basis for registered holder Joann Kalantzis, 80,000,000 Common Shares on a control or direction basis for registered holder Pentek Ventures Corp. at a price of $0.010 through a prospectus or prospectus exempt offering on December 19th, 2019.
The insider also acquired 105,798,000 Warrants on a direct ownership basis, 70,000,000 Warrants on a control or direction basis for registered holder 1682521 Alberta Ltd, 104,177,000 Warrants on a control or direction basis for registered holder Joann Kalantzis and 80,000,000 Warrants on a control or direction basis for registered holder Pentek Ventures Corp. with an exercise price of $0.010 for FIVE LONG YEARS. This represents a $3,599,750 net investment into the company's shares and an account share holdings change of greater than 100%.
Richard Francis McHardy, a Senior Officer and Director, acquired 129,695,000 Common Shares on a direct ownership basis, 206,305,000 Common Shares on a control or direction basis for registered holder Jacquelyn Sebastian, 14,000,000 Common Shares on a control or direction basis for registered holder Lot 4 Investment Corp. and 10,000 Common Shares on a control or direction basis for registered holder Spencer McHardy also at a price of $0.010 through a prospectus or prospectus exempt offering on December 19th, 2019.
The insider also acquired 129,695,000 FIVE YEAR Warrants on a direct ownership basis, 206,305,000 Warrants on a control or direction basis for registered holder Jacquelyn Sebastian, 14,000,000 Warrants on a control or direction basis for registered holder Lot 4 Investment Corp. and 10,000 Warrants on a control or direction basis for registered holder Spencer McHardy. This represents a $3,500,100 net investment into the company's shares and an account share holdings change of greater than 100%.
Donald Archibald, a Director, acquired 100,000,000 Common Shares and 100,000,000 Warrants on a direct ownership basis. This represents a $1,000,000 net investment into the company's shares and an account share holdings change of greater than 100%.
Reginald James Greenslade, a Director and Kevin Overstrom a Director also participated in the deal.
Return Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
Return Energy Inc, formerly DualEx Energy International Inc, is a Canada-based company engaged in the exploration for and development and production of petroleum and natural gas properties. The Company's geographic segments include North America, Tunisia and Corporate. The Company, through its subsidiaries, holds working interests in Tunisia, as well as interests in North America. The Company's Bouhajla Permit (the Permit) is located in the western region of the Pelagian Basin of north eastern Tunisia, and totals approximately 135,000 acres (536 square kilometers). DualEx, through its subsidiary, DualEx Tunisia Inc., holds contractor interest in the Permit. The Company has working interest production from over four coalbed methane wells in central Alberta, which produce approximately 40 thousand cubic feet equivalent per day (mcfe/day). The Company is focusing to expand its operations in Western Canada and is evaluating various opportunities.
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