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Off-market insider selling at Return Energy (:RTN)

Updated Tuesday Dec 24, 2019 04:07 AM EDT

Vertex One Asset Management Inc., a 10% Holder, disposed of 71,250,000 Common Shares on a direct ownership basis at a price of $0.008 through a private transaction on December 19th, 2019. This represents a $534,375 divestment of the company's shares and an account share holdings change of -100.0%.

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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