CGX Energy Inc V.OYL

RE:RE:Re Exploration manager

[Mat1791]

westcanpride wrote: As per Mar 23, 2021 news release, she was granted 400,000 options and were exercisable at $0.82 cents CAD. Additionally, they vested in three parts.... a) 1/3 immediately, b) 1/3 at 6month anniversary and c) 1/3 at 1yr anniversary. 

So in theory, given we are over 1yr since the grant, she could have exericed all 400,000 shares  a personal investment of $328,000 CAD. I would be shocked if she didn't. CGX is close to $1.60 now... even at $1 CAD, she would still be in the money. 

Now... does she keep all 400,000 shares? Or does she sell?

Devil's advocate... maybe she was part of the massive one day dump back in early March (would have been roughly 266,000 shares given the last 1/3 hadn't vested yet)? 

From March 1st, 2022 to now only 1 insider transaction and it was FEC

Issuer name:

CGX Energy Inc.

Legend:

O - Original transaction, A - First amendment to transaction, A' - Second amendment to transaction, AP - Amendment to paper filing, etc.

Insider's Relationship to Issuer: 1 - Issuer, 2 - Subsidiary of Issuer, 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer, 6 - Director or Senior Officer of 10% Security Holder, 7 - Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6), 8 - Deemed Insider - 6 Months before becoming Insider.

Warning:

The closing balance of the " equivalent number or value of underlying securities" reflects the" total number or value of underlying securities" to which the derivative contracts held by the insider relate. This disclosure does not mean and should not be taken to indicate that the underlying securities have, in fact, been acquired or disposed of by the insider.

Do you want to view transactions with remarks?

Transaction ID

Date of transaction YYYY-MM-DD

Date of filing YYYY-MM-DD

Ownership type (and registered holder, if applicable)

Nature of transaction

Number or value acquired or disposed of

Unit price or exercise price

Closing balance

Insider's calculated balance

Conversion or exercise price

Date of expiry or maturity YYYY-MM-DD

Underlying security designation

Equivalent number or value of underlying securities acquired or disposed of

Closing balance of equivalent number or value of underlying securities

Insider name:

Frontera Energy Corporation (formerly, Pacific Rubiales Energy Corp.)

Insider's Relationship to Issuer:

3 - 10% Security Holder of Issuer

Ceased to be Insider:

Not applicable

Security designation:

Convertible Debentures

3932010

2022-03-10

2022-04-13

Direct Ownership :

11 - Acquisition or disposition carried out privately

+$35,000,000

$54,000,000

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