Regina, August 9, 2019 - Gem Oil Inc. today announced that it has acquired, directly and indirectly, an aggregate of 500,000 common shares of Searchlight Resources Inc. (TSXV: SRCH) ("SCLT" or the "Company")
The 500,000 common shares were acquired by Gem Oil Inc. by way of a series of open-market purchases made on the TSX August 7, 2019, under which Gem Oil Inc. paid an aggregate of $16,695.00, representing an average price of $0.03339 per share. Collectively, the shares acquired by Gem Oil Inc. represent approximately 2.00538% of the issued and outstanding shares of the company.
Gem Oil Inc. now owns or has control or direction over an aggregate of 5,500,000 common shares of the company, representing approximately 22.0592% of the company's issued and outstanding common shares.
The shares were acquired by Gem Oil Inc. for investment purposes.
Gem Oil Inc. may acquire additional securities of SCLT either on the open market or through private acquisitions or sell securities of SCLT either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Other than the foregoing, Gem Oil Inc. does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.
"Shaun Spelliscy" Shaun Spelliscy
Gem Oil Inc. Box 1111 Regina, Saskatchewan S4P 3B2
gemoil@sasktel.net (306) 541-5678
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46831
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!