- Michael Gentile acquires 3,708,333 common shares of Astra Exploration Inc. (ATEPF, Financial) through exercise of warrants.
- Gentile's stake increases to approximately 18.93% ownership of ATEPF.
- Investment aligns with a long-term strategy, with potential for future market transactions.
Michael Gentile has filed an early warning report detailing his acquisition of 3,708,333 common shares in Astra Exploration Inc. (ATEPF) on April 17, 2025. This transaction was completed through the exercise of warrants.
Before this acquisition, Gentile possessed 14,216,667 common shares along with 3,708,333 warrants, equating to a 16.68% ownership on an undiluted basis, rising to 20.15% on a partially diluted basis. Following the completion of the transaction, his stake grew to 17,925,000 common shares, with no remaining warrants, thereby enhancing his ownership to approximately 18.93% on both undiluted and partially diluted bases.
This move was made with a long-term investment perspective, leaving open the possibility for Gentile to either acquire additional shares or sell existing holdings based on market conditions and other influencing factors.
