Altura Energy (ALTU.V) over the weekend announced a major shareholder, Ms. Burke, has increased her ownership stake. A search byCanada suggests it may involve a Nancy Burke.
The company said it had been advised that Ms. Burke of Vancouver, British Columbia acquired ownership, control and direction over 50,000 common shares at an average purchase price of $0.30 each, in a series of transactions through the facilities of the TSX Venture Exchange, said the company.
When combined with her existing securities of the company consisting of around 5.7 million common shares and 200,000 common share purchase warrants, Ms. Burke now has control and direction around over 5.74 million common shares and 200,000 common share purchase warrants, representing 7.87% of the issued and outstanding common shares, on an undiluted basis, added the company.
Assuming exercise of just the common share purchase warrants controlled by Ms. Burke, she would have control and direction over near 5.95 million common shares, representing 8.12% of the then issued and outstanding common shares, on a partially diluted basis, it further stated.
"The Company is advised that Ms. Burke acquired these securities for investment purposes and has no present intention to acquire further securities of the Company, although Ms. Burke may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant," added the company.
Shares in ALTU were up $0.02 or 7.1% on Friday.