Simba Essel Energy Inc SMBZF

RE:RE:So Goel Gagan.....

[mram]

Right on Bro......Essel and Gagan has quite a pull on Simba
but that is a drop in the ocean of Essel's wealth...

only time will tell - whether we swim or sink....

and Gagan has a hughe tax writeoff   ------  which I pray never happens
for the sake of poor Simba shareholders......

HARJAY wrote: Not sure where you get only 10M owned by Essel but as of this N / R dated May 24,   2107.  Essel seems to own about 78.5 M shares of the Simba outstanding shares. and another 17M warrants which amounts to approx. 23% of the outstanding shares

Gagan Goel (the “ Offeror ”) announces that on June 27, 2017 the Offeror, the Chairman and a director of Simba Essel Energy Inc. (“ Simba ”), acquired beneficial ownership and control of 10,569,214 common shares (“ Shares ”) of Simba at a deemed price of $0.07 per Share pursuant to the settlement of $739,845 of debt (the “ Transaction ”). The Shares were acquired under the terms of the Transaction by Mr. Goel, through Essel Group Middle East DMCC (“ EGME ”), which is controlled by the Offeror.  The 10,569,214 Shares represent approximately 2.6% of Simba’s issued and outstanding common shares.

 

Prior to the Transaction, the Offeror exercised control or direction [67,914,975] securities of Simba. As a result of the acquisition of the Shares, the Offeror beneficially owns and controls over an aggregate of [78,484,189] common shares of Simba and [16,957,487] common share purchase warrants of Simba, collectively representing approximately [22.8]% of the issued and outstanding common shares of Simba, assuming the exercise of the common share purchase warrants.

 
Read more at https://www.stockhouse.com/news/press-releases/2017/07/17/acquisition-of-shares-of-simba-essel-energy-inc#x6uUAtQZvf8DLvF6.99