Strathcona Resources Announces Increased Public Float After Waterous Energy Fund Share Disposition
- Editor
- Jan 31
- 1 min read
What's Happening: Strathcona Resources Ltd. announced that Waterous Energy Fund (WEF) has completed a share pass-through transaction, resulting in the disposition of approximately 11.2% of Strathcona's outstanding common shares to WEF's limited partners. This move increases Strathcona's public float to over 20%.
The Key Moves:
WEF's ownership of Strathcona decreased from 90.8% to 79.6%.
24,010,576 common shares of Strathcona were distributed to WEF's limited partners.
The transaction did not require shareholder approval.
By The Numbers :
11.2% of Strathcona's outstanding shares were disposed of by WEF.
Strathcona's public float increased to over 20%.
WEF's ownership decreased by 11.2 percentage points.
Key Quotes:
*KQ1*
*KQ2*
*KQ3*
The Bottom Line: The share disposition by Waterous Energy Fund significantly increases Strathcona Resources' public float, potentially improving liquidity for the company's stock. This move may attract more investors and could impact Strathcona's market dynamics going forward.
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