Insiders take 25.7% of PPPursuant to the Private Placement, insiders of the Company and their joint actors subscribed for an aggregate of 20,704,000 Shares representing approximately 25.7% of the outstanding Shares on closing. The participation of each insider is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As the distribution of the securities to the insiders is for cash with a fair market value of not more than $2,500,000, the sale of securities to insiders pursuant to the Private Placement is exempt from the valuation and minority shareholder approval requirements of MI 61-101. Read more at https://www.stockhouse.com/news/press-releases/2016/05/16/enhanced-oil-resources-closes-us-2-500-000-private-placement#DJJvVjUVCbDW8VLW.99 Wonder who has control now with a small float?