.jpg)
1 hour ago
2
Article content
BUENOS AIRES, Argentina, July 17, 2026 (GLOBE NEWSWIRE) — Pursuant to the early warning requirements of applicable Canadian securities laws, Liminar Energía S.A. (“Liminar“), a private Argentine holding company, announces that on July 16, 2026, it acquired ownership and control of 238,289,708 common shares (“Common Shares“) of Crown Point Energy Inc. (“Crown Point“), representing approximately 76% of the issued and outstanding Common Shares following the closing of Crown Point’s short form prospectus rights offering on July 16, 2026 (the “Rights Offering“), at a purchase price of US$0.125 per Common Share (Cdn$0.176 per Common Share based on the daily exchange rate published by the Bank of Canada of US$1.00 = Cdn$1.4049 on July 15, 2026) for total consideration of approximately US$30,000,000 (approximately Cdn$42,147,000). The Common Shares were acquired from treasury pursuant to Crown Point’s Rights Offering and a Standby Purchase Agreement dated May 13, 2026, entered into between Crown Point and Liminar.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Prior to giving effect to the closing of the Rights Offering, Liminar owned and controlled an aggregate of 46,586,828 Common Shares, representing approximately 63.9% of the issued and outstanding Common Shares. After giving effect to the closing of the Rights Offering, Liminar owns and controls an aggregate of 284,876,536 Common Shares, representing approximately 91% of the issued and outstanding Common Shares.
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The acquisition of the Common Shares was made in furtherance of Liminar’s investment objectives. Liminar may, from time to time, as market opportunities exist or develop, increase or decrease its ownership in Common Shares as permitted by applicable securities laws.
Article content
FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN CONJUNCTION WITH THIS PRESS RELEASE, PLEASE CONTACT:
Article content
| Liminar Energía S.A. | |
| Av. Corrientes 1174, 10th Floor (C1043AAY) | |
| City of Buenos Aires, Argentina | |
| Attention: | Juan Llado |
| Telephone: | +54 11 (5235) 2804 |
| Crown Point Energy Inc. | |
| PO Box 1562 Station M | |
| Calgary, Alberta T2P 3B9 | |
| Attention: | Brian Moss |
| Interim President and Chief Executive Officer | |
| Telephone: | (403) 232-1150 |
Article content
Article content
Article content
Article content
Article content
Article content
Article content
English (US)