OTCPK:AETLF - Post by User
Comment by
dogger2on May 14, 2011 11:45am
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Post# 18576488
RE: RE: RE: 89,000 insider
RE: RE: RE: 89,000 insiderKind of been wondering the same thing . I believe according to the new rules insiders have five days to file on SEDI while insider trades are marked as such when they occur and are published on a daily basis . Perhaps the recent purchases are part of the NCIB ... although I have no direct knowledge of that .
Thursday, 27 May 2010 09:15am EDT Arsenal Energy Inc. announced that it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange commencing May 31, 2010 and ending May 30, 2011, or on such earlier date as Arsenal may complete its purchases under the bid. A total of 6,740,767 common shares may be acquired under the bid, representing approximately 5% of the 134,815,340 common shares outstanding as of May 20, 2010. Pursuant to section 628 of the TSX Company Manual, under the bid Arsenal is permitted to acquire up to 25% of the average daily trading volume or 115,709 common shares per day. Arsenal will acquire its common shares at the market price at the time of purchase, with acquired shares being cancelled.