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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by MohelJFoxon May 07, 2022 9:43pm
167 Views
Post# 34665012

RE:NCIB STARTS MONDAY 9 2022 - TIME FOR A HAPPY DANCE!

RE:NCIB STARTS MONDAY 9 2022 - TIME FOR A HAPPY DANCE!

Gringotts wrote: Under the NCIB, Gear may purchase for cancellation up to 24,029,161 common shares of Gear, representing approximately 10% of the "public float", which is equal to the issued and outstanding common shares...The total number of common shares that Gear is permitted to purchase is subject to a daily purchase limit of 551,916 Shares.

:)




I hope they go full retard on the first day, just to gain some extra eyes in our direction.

Im quite confident Ingy won't cheap out like other companies and actually grab all 10%. It seems other guys anounce a NCIB only for the news headline, but never fill the cart.

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