Mr.Zhou huge investment in VUXMr. Hai Zhou, a director of Vital, acquired debentures in the principal amount of $1,950,000 under the private placement. Upon completion of the private placement, Mr. Zhou will own or control 32,858,879 common shares or approximately 54.31% of the total issued and outstanding common shares of Vital, debentures in the principal amount of $1,950,000 and options to acquire 450,000 common shares. Assuming the conversion of the debenture and the exercise of such options, Mr. Zhou would own or control 52,808,879 or approximately 65.64% of the total issued and outstanding common shares of Vital. The purchase of the debentures by Mr. Zhou was made for investment purposes Read more at https://www.stockhouse.com/news/press-releases/2015/12/23/vital-energy-inc-announces-closing-of-private-placement-of-debentures#D4A4lqLhSjaI2IkD.99