Pelicourt inceased its share in Cub Energy
Cub Energy Inc. (“Cub” or the “Company”) (TSX-V: KUB) announced today that its largest shareholder, Pelicourt Limited (“Pelicourt”), has informed the Company it has acquired additional common shares of Cub on the open market. Cub’s Chairman and Chief Executive Officer, Mikhail Afendikov, owns a 31% of Pelicourt, and Cub’s Senior Advisor, Robert J. Bensh, owns a 7% interest in Pelicourt, and is Managing Director of Pelicourt.
Pelicourt currently owns 123.3 million common shares of Cub representing approximately 39.5% of the issued and outstanding common shares of the Company. Of the Pelicourt holdings, Mr. Afendikov controls 38.2 million common shares of Cub representing approximately 12.2% of the Company’s issued and outstanding common shares. Through his interest in Pelicourt, Mr. Bensh controls 8.6 million common shares of Cub, representing approximately 2.8% of the Company’s issued and outstanding common shares.
Pelicourt has advised Cub that it intends to acquire additional common shares for investment purposes. The common shares will be acquired through the facilities of the TSX Venture Exchange. Pelicourt has indicated that they will review their holdings from time to time and that they may increase or decrease their position as future circumstances may dictate.
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In this issue: - Which projects is the EU going to develop to diversify gas supply; - How does the stance of Russian "Gazprom" changes; - How are Ukraine and the EU getting ready for the next winter seaon; - How are the prospectives of gas production in Ukraine assessed; - Why were the consumption rates without metering changed; - Why some customers experienced cut of hot water supply; - What energy objects is Ukrainian government looking to privatize; - How will the result of court hearing the Firtash case influence Ukrainian gas market; - What is the shape of Ukrainian energy system; - What is needed to build Confinement on Chernobyl NPP and what happened in the Exclusion zone.