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Granite Oil (T:GXO) has multiple insider buying

Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Wednesday Jul 29, 2015 12:00 AM EDT
Brendan Richard Carrigy, a Senior Officer and Director, acquired 6,000 Common Shares on a direct ownership basis at prices ranging from $4.53 and $5.06 through the public market between July 21st and 27th. This represents a $28,700 investment into the company's shares and an account share holdings change of 1.7%.

GMT Capital Corp, a Director, acquired 30,000 Common Shares on an indirect ownership basis for registered holder Bay II Resource Partners LP at a price of US$3.38 through the public market on July 27th. The insider also acquired 48,000 Common Shares on an indirect ownership basis for registered holder Bay Resource Partners, 65,400 Common Shares on an indirect ownership basis for registered holder Bay Resource Partners Offshore Master Fund LP, 8,100 Common Shares on an indirect ownership basis for registered holder Lyxor/Bay Resource Partners Offshore Fund Ltd, and 6,000 Common Shares on an indirect ownership basis for registered holder Thomas E Claugus. This represents a $692,534 investment into the company's shares and an account share holdings change of 17.4%.

Granite Oil Corp, formerly DeeThree Exploration Ltd, is a Canada-based oil company. The Company is focused on the exploration and development of the Alberta Bakken enhanced oil recovery (EOR) project located in the Ferguson area of southern Alberta. The Company's Upper Bakken area overlies both of the Alberta Bakken's shale intervals.

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