Guardian Exploration Edges Up On Heavy Trade; Comes After CEO Acquires Additional Position in His Company
Guardian Exploration (GX.V) is up 0.5 cents and has touched a day high 6 cents with around 7.3 million shares traded.
On December 20, 2011 Graydon Kowal, President, CEO and a director of Guardian, acquired through the TSX Venture Exchange 36,000 Guardian common shares at a price of $0.045 per Common Share. On December 21, 2011, Mr. Kowal acquired 1 million Common Shares privately at a price of $0.05 per Common Share. On December 22, 2011, Mr. Kowal acquired 2.2 million Common Shares privately at a price of $0.05 per Common Share.
The Common Shares acquired by Mr. Kowal represent approximately 4.3% of the current issued and outstanding Common Shares of Guardian. Prior to these transactions, Mr. Kowal held an aggregate of 12,337,853 Common Shares (16.6% of the outstanding Common Shares of Guardian), options to purchase an additional 700,000 Common Shares upon exercise of options and warrants to purchase an additional 3,500,000 Common Shares upon exercise of warrants in the capital of Guardian, representing approximately 21.02% on a partially diluted basis assuming the exercise of the Options and Warrants.
Following this transaction, Mr. Kowal will hold an aggregate of 15,573,853 Common Shares (20.9% of the outstanding Common Shares of Guardian), Options to purchase an additional 700,000 Common Shares and Warrants to purchase an additional 3,500,000 Common Shares. If Mr. Kowal was to exercise all of the Options and Warrants, it would represent a total of 19,773,853, or approximately 25.1% of the issued and outstanding capital of Guardian calculated on a partially diluted basis assuming the exercise of the Options and Warrants.
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