UK HEDGER DIRECTOR Klesch SELLS 86.22% Of SPICELO HOLDINGSfrom SEDI: | Filed 2024-04-29 23:04 Tx date 2024-04-25 | $GFR
Greenfire Resources Ltd. | Klesch, Jonathan William 4 - Director of Issuer Holder: Spicelo Limited (Indirect Ownership) | Common Shares 10 - Acquisition or disposition in the public market | $-35,325,642.65
-4,741,697 vol
$7.45 each | 757,809 |
^^^ Item 4. Ownership.
(a) Amount beneficially owned:
As of the close of business on January 31, 2024:
| (i) | Spicelo Limited (“Spicelo”) beneficially owned 5,935,444 Common Shares, including 435,938 Common Shares underlying warrants currently exercisable. Spicelo holds securities for Mr. Jonathan Klesch (the “Reporting Person”). The Common Shares and Warrants held by Spicelo Limited are subject to a Limited Recourse Guarantee and Securities Pledge Agreement dated July 21, 2022 entered into by Spicelo Limited in favor of certain lenders to a group of entities unrelated to the Issuer that are, together with Spicelo, currently undergoing insolvency proceedings in Canada. In such insolvency proceedings, such lenders have sought to enforce against, and seize, the Common Shares and Warrants held by Spicelo. Such lenders have taken the position that if the Common Shares and Warrants held by Spicelo are transferred to the lenders such lenders will not be bound by the terms of Spicelo’s Lock-Up Agreement. |
| (ii) | Jonathan Klesch may be deemed to beneficially own the Common Shares beneficially owned by Spicelo. |
^^^
- so it 'APPEARS' that the CEO was ON the OTHER SIDE of this SPICELO SELL TRADE
from Stockwatch;
April 25, 2024 After Hours Trading: | Recent Trades - Last 10 of 14 | More trades... |
| 16:15:22 | P | 7.45 | -0.45 | 84 | 77 Peters | 77 Peters | BZ |
| 16:15:22 | P | 7.45 | -0.45 | 4,892,300 | 77 Peters | 77 Peters | BZ |
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- I WONDER who BOUGHT the REST of the BLOCK TRADE ?
z173