DealNet Capital insiders acquire 8.3 million shares 2017-09-14 07:21 PT - News Release
Mr. Michael Hilmer reports
DEALNET CONFIRMS INSIDERS PURCHASE MORE THAN 8 MILLION SHARES SINCE AUGUST 21, 2017
Since Aug. 21, 2017, senior managers and members of DealNet Capital Corp.'s board of directors, have purchased more than 8.3 million DealNet common shares in the open market. These share purchase transactions include more than seven million common shares purchased by Dr. Steven Small, DealNet's executive chairman.
"When the trading restrictions that normally apply to DealNet insiders were lifted following the release of our second quarter results, it provided senior management and directors with the opportunity to acquire shares in the company at a valuation we considered to be extremely attractive," said Dr. Small.
After accounting for these purchases, together with their previous holdings, senior management and members of the board of directors currently own, directly or indirectly, approximately 29.5 million common shares representing approximately 10.5 per cent of the company's issued and outstanding shares.