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Pacific Green Technologies Inc. (OTC:PGTK) reported Monday that it has entered into agreements with shareholders to repurchase and cancel 3,860,028 common shares for a total of $2,303,015. The company disclosed the transaction in a statement based on a filing with the U.S. Securities and Exchange Commission.
The repurchase and cancellation of shares were completed through agreements directly with shareholders. The company’s common shares are traded on the OTC Markets under the symbol PGTK.
No additional details regarding the terms of the agreements or the identity of participating shareholders were provided in the filing. The announcement did not include further commentary from company representatives.
The information is based on a press release statement included in the SEC filing.
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