Business
Vermilion Energy Inc. Sells Common Shares of Coelacanth Energy Inc.
Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) announces that it has filed an early warning report (the "Early Warning Report") in respect of its holdings in Coelacanth Energy Inc. ("Coelacanth").
About this update from Coelacanth Energy, Inc.
[{"type":"text","content":"CALGARY, AB, Dec. 8, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) announces that it has filed an early warning report (the "Early Warning Report") in respect of its holdings in Coelacanth Energy Inc. ("Coelacanth").","length":304,"tagName":"p"},{"type":"image","alt":"Vermilion Energy Inc. Sells Common Shares of Coelacanth Energy Inc. (CNW Group/Vermilion Energy Inc.)","displaySize":"","headline":null,"caption":"Vermilion Energy Inc. Sells Common Shares of Coelacanth Energy Inc. (CNW Group/Vermilion Energy Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":155,"height":200,"url":"https://media.zenfs.com/en/cnwgroup.com/c2b74c1e925f00481d03bdeffe270809"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/oUTfPPhjsCleaDRhpJuy2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTI3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/c2b74c1e925f00481d03bdeffe270809","width":155,"height":200}},"href":"https://mma.prnewswire.com/media/2840932/Vermilion_Energy_Inc__Vermilion_Energy_Inc__Sells_Common_Shares.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On December 8, 2025, Vermilion sold 30,000,000 common shares ("Common Shares") of Coelacanth through a privately negotiated transaction with a group of purchasers, acting jointly and in concert, at a price of $0.76 per Common Share for a purchase price of $22,800,000 (the "Transaction"), representing an amount equal to more than 2% of the issued and outstanding Common Shares thereby triggering the requirement to file the Early Warning Report.","length":466,"tagName":"p"},{"type":"text","content":"Prior to the Transaction, Vermilion had ownership, control or direction over an aggregate of 110,179,104 Common Shares, representing approximately 20.7% of the issued and outstanding Common Shares. Following the Transaction, Vermilion has ownership, control and direction over an aggregate of 80,179,104 Common Shares, representing approximately 15.0% of the issued and outstanding Common Shares.","length":396,"tagName":"p"},{"type":"text","content":"The Common Shares were sold in continuance of Vermilion's stated priority of reducing its debt to further enhance the resiliency of its business. While Vermilion may not, until June 8, 2026, sell...