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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both Australian oil and gas producers. The Cooper Basin is an onshore oil and gas development area. The Company’s Chu Chua is located approximately 30 kilometers (km) north of Kamloops, British Columbia, with access and infrastructure. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Bullboard Posts
Comment by Ahkenahmed2on Dec 04, 2015 7:54pm
111 Views
Post# 24356649

RE:2 million shares bought by ceo!

RE:2 million shares bought by ceo!Yep... awesome.

filing and announcement.

IAN ROZIER c/o 501 - 837 West Hastings Street Vancouver, British Columbia, V6C 3N6 Tel: (604) 685-6851 SHAREHOLDER NEWS RELEASE December 4, 2015 – Ian Rozier (the “Shareholder”) filed an early warning report dated December 4, 2015 (the “Early Warning Report”) advising of his holdings in Newport Exploration Ltd (“Newport” or the “Corporation”). The Shareholder acquired beneficial ownership and control of 1,400,000 common shares by way of a a market transaction on the TSX Venture Exchange representing approximately 1.5% of the issued and outstanding common shares of the Corporation. The shareholder acquired the shares for investment purposes and may acquire further shares in the future. The Shareholder now has ownership and control over a total of 8,802,950 common shares and 2,600,000 options of the Corporation, representing 12% of the issued and outstanding common shares of the Corporation, assuming the exercise of the options held by the Shareholder. The common shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol “NWX”. This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Corporation is a reporting issuer containing additional information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will appear with the Corporation’s documents on the SEDAR website at www.sedar.com. A copy of the Early Warning Report may be obtained by contacting Barbara Dunfield, CFO at (604) 685- 6851.
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