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Off-market insider buying at Divergent Energy Services (V:DVG)

Updated Wednesday May 06, 2020 04:58 AM EDT

Donald R. Luft, a Director, acquired 4,149,992 Common Shares on a control or direction basis for registered holder Joint with Spouse at a price of $0.025 through a prospectus or prospectus exempt offering on May 1st, 2020. The insider also acquired 1,025,048 Common Shares on a control or direction basis for registered holder RRSP. This represents a $129,376 investment into the company's shares and an account share holdings change of greater than 100%.

In addition, Kenneth Michael Bagan, a Director, acquired 207,500 Common Shares on a direct ownership basis and  207,500 Common Shares on a control or direction basis for registered holder Spouse This represents a $10,375 investment into the company's shares and an account share holdings change of greater than 100%.  Kenneth Andrew Berg, CEO and Director, acquired 103,750 Common Shares on a control or direction basis for registered holder RRSP and 20,750 Common Shares on a control or direction basis for registered holder Spouse TFSA. This represents a $3,112 investment into the company's shares and an account share holdings change of 6.9%.

Divergent Energy Services is in the Oil Related Services and Equipment Sub Industry Group under the Energy Sector.

Divergent Energy Services Ltd is a Canada-based company which provides artificial lift products and services to clients in the oil and gas industry throughout North America and Mexico. It operates through three segments: Artificial Lift Systems, Project management and financing, and Corporate. The Artificial lift segment is engaged in supplying and servicing a range of electric submersible pumps and artificial lift support products in the United States. It is focused on the development and commercialization of technologies using rare earth permanent magnet motors to drive submersible pumps in the oil and gas industry. The business also offers conventional electric submersible pumps (ESP) and electric submersible progressing cavity pumps (ESPCP). The Company, through CDN Oilfield Technologies and Solutions, S. de R.L. de C.V., is engaged in facilitating project financing and also providing project management services to a Mexican contractor for oilfield infrastructure projects.

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Go to Divergent Energy Services Corp. (DVG)'s company page

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