Le Lézard
Classified in: Oil industry, Business
Subject: TNM

Harrington Global Limited Acquires Securities of BNK Petroleum Inc.



TORONTO, Jan. 3, 2018 /CNW/ - Harrington Global Limited ("Harrington") announced that it, on behalf of Harrington Global Opportunities Fund Limited (the "Fund"), which it manages and advises, has acquired 614,500  common shares ("Common Shares") of BNK Petroleum Inc. ("BNK") in the open market at a price of $0.4650 per Common Share (the "Acquisition").

Prior to the Acquisition, the Fund owned 35,608,500 Common Shares. As a result of the Acquisition, the Fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 36,223,000 Common Shares, representing approximately 15.57% of BNK's 232,689,292 issued and outstanding Common Shares as reported in its Management's Discussion and Analysis dated November 9, 2017.

The securities of BNK were acquired in the ordinary course of business, for investment purposes only. Depending on market conditions and other factors, Harrington, on behalf of the Fund, may from time to time acquire additional securities of BNK, or continue to hold or dispose of some or all of the securities of BNK in the open market, by private agreement or otherwise.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

SOURCE Harrington Global Limited


These press releases may also interest you

at 04:21
The new cooperation supports the international utility sector in implementing renewable energy and energy storage solutions into their grids   VDE Association, one of the leading technical associations based in Germany, and Clarion Energy, one of...

at 02:00
Prior to today's update for sell-side and industry analysts, SDX Energy Inc. , the North Africa focused oil and gas...

20 jun 2018
Ecopetrol S.A. reports it will prepay all loans entered into in 2013 with international banks and guaranteed by the US Export-Import Bank, which had been subject to a payment schedule to 2023. The loan agreements allow Ecopetrol to prepay without...

20 jun 2018
The Institute for Energy and the Environment (IEE) at Vermont Law School has entered into an agreement to work with Protect Our Power on timely and critical research related to security and resilience issues of the nation's electric grid.    Protect...

20 jun 2018
Frontera Energy Corporation (the "Company" or "Frontera") today announced that it had received, as of 5:00 p.m. New York City time, on June 15, 2018 (the "Early Tender and Consent Date"), tenders and consents from holders of U.S.$250 million (or...

20 jun 2018
Frontera Energy Corporation ("Frontera" or the "Company"), announced today that it has successfully priced an offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% (the "Notes") pursuant to Rule 144A and...




News published on 3 january 2018 at 07:00 and distributed by: