Seven Generations Energy (T:VII) has notable insider net $ selling
Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Thursday Sep 01, 2016 12:00 AM EDT
Christopher Tudor Law, CFO,
disposed 285,000 Common Shares Class A on a direct ownership basis at prices ranging from $29.573 and $30.119 through the public market between August 30th, 2016 and August 31st, 2016. The insider also
acquired 275,000 Common Shares Class A on a direct ownership basis at prices ranging from $3.750 and $6.750 through an exercise of warrants between August 30th, 2016 and August 31st, 2016. The insider also
acquired 10,000 Common Shares Class A on a direct ownership basis at a price of $2.500 through an exercise of options on August 30th, 2016. This represents a $6,944,176 net divestment of the company's shares and an account share holdings change of 0%.
Kaushik Rakhit, a Director,
acquired 100,000 Common Shares Class A on a direct ownership basis at a price of $4.500 through an exercise of warrants on August 31st, 2016. The insider also
disposed 100,000 Common Shares Class A on a direct ownership basis at a price of $30.200 through the public market on August 31st, 2016. This represents a $2,570,000 net divestment of the company's shares and an account share holdings change of 0%.
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays. The Company operates the Kakwa River Project, which is a natural gas property covering over 431,200 net acres located in the Kakwa area of northwest Alberta with approximately 416,160 net acres in the Montney. Its Kakwa River Project is located at approximately 100 kilometers south of its operations in Grande Prairie, Alberta. The Company's subsidiary is Seven Generations Energy (US) Corp.