Vermilion Energy Inc. Acquires 12,497,000 Common Shares Of Coelacanth Energy Inc. At A Price Of $0.75 Per Share For A Purchase Price Of $9,372,750
Portfolio Pulse from Benzinga Newsdesk
Vermilion Energy Inc. (VET) has acquired 12,497,000 common shares of Coelacanth Energy Inc. at $0.75 per share, totaling $9,372,750. This transaction increases Vermilion's ownership to approximately 20.84% of Coelacanth's issued and outstanding common shares. Vermilion's acquisition, part of its investment strategy, may lead to further adjustments in its holdings based on market and company conditions.
February 28, 2024 | 1:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Vermilion Energy Inc. has significantly increased its stake in Coelacanth Energy Inc., now owning approximately 20.84% of the company's common shares.
Vermilion's increased stake in Coelacanth Energy Inc. signals a strategic investment move that could influence its market position and investor perception. This acquisition might lead to positive market reactions due to the potential for increased influence and synergies between the companies. However, the impact will also depend on market conditions and the future performance of Coelacanth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100