Liminar Energía S.A. has acquired 238,289,708 common shares of Crown Point Energy Inc., increasing its ownership to approximately 91% of the issued and outstanding common shares. The shares were purchased at US$0.125 per share for total consideration of approximately US$30,000,000, representing approximately 76% of the common shares following the closing of Crown Point's rights offering. Prior to the transaction, Liminar held approximately 63.9% of the common shares. The acquisition was made pursuant to a standby purchase agreement dated May 13, 2026, and Liminar may adjust its holdings in the future as market conditions warrant.
Liminar acquired additional shares at a premium to market, indicating strong support and likely stabilizing the stock.
Liminar increased its stake in Crown Point to 91%, signaling strategic expansion and control.