Waskahigan Oil director Leia sells 2.17 million shares

Executive Summary

• Gregory J. Leia sold a total of 2,173,575 common shares (approximately 63.5% of his holdings) in Waskahigan Oil & Gas Corp., reducing his ownership to about 1% of outstanding shares.
• Leia resigned as Chief Executive Officer of the company but will continue to serve as a director on the board.
• The transaction and resignation were reported pursuant to NI 62‑103/NI 62‑104 early‑warning and insider reporting requirements.

Key Details

• Shares sold – direct: 659,525 shares.
• Shares sold – indirect:
• Gregory J. Leia Professional Corp.: 1,391,550 shares
• Future Key Management Inc.: 27,500 shares
• El Indio Investment Corp.: 95,000 shares
• Total shares disposed: 2,173,575 common shares (63.5% of Leia’s prior holdings).
• Post‑sale ownership: 34,500 common shares (~1% of the 3,423,069 outstanding shares).
• Management change: Mr. Leia resigned as CEO; he remains a director on the board.
• Regulatory filing: Report filed under National Instrument 62‑103 (Early Warning System) and NI 62‑104 (Take‑Over Bid & Insider Reporting); available on SEDAR+.

Notable Quotes

(No quotes were provided in the release.)