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 14:01
Directed is pleased to announce it has acquired Alcohol Detection Systems (ADS), a leading provider of breathalyzer-based ignition interlock devices (IIDs). ADS provides IIDs under its Determinator® product line, which Directed will maintain moving...

at 13:55
DTT announced today the appointment of Mike Coffey as Chief Executive Officer. Mr. Coffey is a two-time CEO with 15+ years of executive experience in technology enabled companies, and will lead DTT's day to day operations. Sam Naficy, DTT's previous...

at 13:48
Hodges Ward Elliott ("HWE"), the world's leading independent hotel brokerage and investment-banking firm, with offices in New York, Atlanta, Los Angeles and London, announced they represented USAA Real Estate in its recent sale of the Doubletree by...

at 13:45
Stubbs Alderton & Markiles, LLP, Southern California's leading business law firm, has announced that Dan Rozansky has joined the firm as a partner in its Sherman Oaks office. Mr. Rozansky will join the Business Litigation practice group. "Dan is a...

at 13:41
Feature Article -- The customer service industry will experience the biggest digital shift yet in 2018 as customer experience (CX) brand leaders seek to expand channels, leverage analytics, adopt automation, and integrate the front office with back...

at 13:39
The NAHB's National Sales and Marketing Council (NSMC) has announced the Silver Award Winners for The National new home sales and marketing awards. Century Communities, named Fortune's 26th Fastest Growing Company for 2017, received the 2018 Silver...




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