Carbon Streaming CEO buys 1,180,000 shares in private transaction

Carbon Streaming Corporation says its Chief Executive Officer, Marin Katusa, purchased 1,180,000 common shares in a private transaction at $0.92 per share, for total consideration of $1,085,600.

Trigger for early warning filing

The company reports the transaction was part of cumulative purchases by Katusa that triggered a National Instrument 62-103 early warning requirement. His aggregate acquisition totals 1,476,500 common shares since his previous early warning report.

Those purchases increased his ownership by 2.41% on a non-diluted basis and 2.37% on a partially diluted basis, relative to the company’s issued and outstanding common shares.

Ownership before and after the acquisition

Before the acquisition, Katusa owned or controlled 6,049,000 common shares and 780,000 common share purchase warrants. This represented approximately 12.33% of issued and outstanding common shares on a non-diluted basis and 13.7% on a partially diluted basis.

Immediately after the acquisition, he owned or controlled 7,229,000 common shares and 780,000 warrants, representing approximately 14.74% on a non-diluted basis and approximately 16.07% on a partially diluted basis.

Purpose and potential next steps

The company states the acquired shares were purchased for investment purposes. Depending on market conditions and other factors, Katusa may acquire additional securities, exercise convertible securities, dispose of some or all of his holdings, or continue to hold them.

Filing details and where to find the report

The release was issued under National Instrument 62-103. A copy of the early warning report will be available under the company’s profile on SEDAR+. For more information, Carbon Streaming lists contact details for Marin Katusa at 365-607-6095 or info@carbonstreaming.com.

This matters because it updates the market on insider ownership in Carbon Streaming, including the share and warrant position that prompted an early warning filing under Canadian securities rules.