- Victnico Investments has sold 200,000 common shares of New Stratus Energy (NSE)
- The company sold the common shares for $0.86 per share on the TSX Venture Exchange
- Following the sale, Victnico owns and controls 11,357,000 common shares, representing about 9.87 per cent of the issued and outstanding common shares of New Stratus
- Because Victnico now owns less than 10 per cent of the issued and outstanding common shares of New Stratus, it is no longer subject to the 10 per cent threshold requiring disclosure
- New Stratus Energy Inc. is a Canada resource company involved in the acquisition, exploration, and development of properties for the purpose oil and gas
Victnico Investments LLC has sold 200,000 common shares of New Stratus Energy (NSE) for $0.86 per share.
Prior to the sale of the shares, Victnico owned and controlled 11,557,000 common shares, representing approximately 10.04 per cent of the then issued and outstanding common shares of New Stratus.
After the sale of the shares, Victnico owns and controls 11,357,000 common shares, representing about 9.87 per cent of the issued and outstanding common shares of New Stratus.
Because Victnico now owns and controls less than 10 per cent of the issued and outstanding common shares of New Stratus, it is no longer subject to the 10.0 per cent threshold requiring disclosure under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
Victnico sold the common shares for investment purposes.
Victnico Fund may increase or decrease its ownership of securities of New Stratus depending upon future market conditions.
New Stratus Energy Inc. is a Canada resource company involved in the acquisition, exploration, and development of properties for the purpose oil and gas. Its assets are located in Colombia, Ecuador, Venezuela and Peru.
New Stratus Energy Inc. was up 5.00 per cent, trading at $0.84 at 1:49 PM ET.