Bullboard - Stock Discussion Forum Niko Resources Ltd NKRSF

Energy Oil & Gas E&P

Niko Resources Ltd is an oil and natural gas exploration and production company.

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Niko Resources Ltd > CEO,CFO purchase 1.5% of Term Loan and 7$ mill Convert Notes

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Post by Stanley99 on Aug 07, 2024 5:01pm

CEO,CFO purchase 1.5% of Term Loan and 7$ mill Convert Notes

Did anyone notice this in the latest Filling?
Any thoughts..

In fiscal 2024, an investment corporation owned equally by the Company’s Chief Executive Officer and Chief Financial Officer purchased approximately 1.5 percent of the Company’s Term Loan Facilities from an institutional investor for a nominal sum. In connection with this transaction, the Company’s Chief Executive Officer purchased Cdn$7 million of the Company’s Convertible Notes from the same institutional investor.

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