Warrants and options exercise
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TENAZ ENERGY CORP. ANNOUNCES EXERCISE OF WARRANTS AND OPTIONS, INCREASING DIRECTOR AND OFFICER SHARE OWNERSHIP
Newsfileยท 2025-12-09 00:50
Core Points - Tenaz Energy Corp. announced an increase in share ownership by its directors and officers following the exercise of warrants and stock options [2][4] - The exercise of 1.7 million warrants and 1.2 million stock options resulted in the issuance of 2.9 million shares, with 875 thousand shares sold at a 1% discount to market [4][5] - The directors and officers retained 70% of the shares from the exercised warrants and stock options, raising their ownership from 11.0% to 16.3% of the total issued shares [5][6] Company Overview - Tenaz Energy Corp. focuses on the acquisition and sustainable development of international oil and gas assets, being the largest gas producer in the Dutch sector of the North Sea [7] - The company develops crude oil and natural gas at Leduc-Woodbend in Alberta, with its common shares listed on the Toronto Stock Exchange under the symbol "TNZ" [7]