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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.


TSX:PPR - Post by User

Comment by BobTheKnob2on Dec 23, 2020 3:19am
252 Views
Post# 32167413

RE:Van Winkoop sells shares

RE:Van Winkoop sells shares

Yup.

Then there is this from today. Pridential Private Capital through their subsidiary PCEP Candian Holdco LLP further expressed a ringing vote of confidence by doing the following transaction. Glad I sold my shares fall of 2019.

Effective December 21, 2020, PPR issued, on a private placement basis, warrants ("Warrants") to acquire an aggregate of 34,292,360 common shares ("Common Shares") of PPR to PCEP with each Warrant issued being exercisable for one Common Share at a price of $0.0192 per Common Share for an eight year term.

State the designation and number or principal amount of securities acquired or disposed of that triggered the requirement to file the report and the change in the acquiror's securityholding percentage in the class of securities.

PPR issued Warrants to acquire an aggregate of 34,292,360 Common Shares to PCEP which represented 19.9% of the outstanding Common Shares on the date of issuance.

Prior to the Transaction, PCEP held warrants to acquire an aggregate of 8,318,000 Common Shares which warrants were cancelled in connection with the transaction.

Accordingly, following the completion of the transaction PCEP only holds the Warrants which are exercisable for an aggregate of 34,292,360 Common Shares or 19.9% of the outstanding Common Shares of PPR as of December 21, 2020.



filefish wrote: Looks like our fearless leader has sold half of his shareholding today. What a shining vote of confidence to the rest of us.! 
 

iled 2020-12-22 12:53
 
Tx date 2020-12-22
$PPR
Prairie Provident Resources Inc.
van Winkoop, Anthony Robert
5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market
$-3,210
-214,000 vol
$0.015 each
246,889



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