Sentient Funds Acquires Shares of LeadFX From Energi Group

Enirgi Group and Sentient Executive GP III, Limited have announced that Energi will make a distribution in-kind to its shareholders comprising 85.1 percent of all issued and outstanding shares of LeadFX. As a result, Sentient will own roughly 36 percent of LeadFX’s issued and outstanding shares.
As quoted in the press release:

Under applicable Canadian securities legislation, each of Sentient Executive GP I, Limited (“Sentient I“), Sentient (Aust.) Pty. Limited (“Sentient Trust I“), Sentient Executive GP II, Limited (“Sentient II“), Sentient Trustees PTC Limited (“Sentient Trust II“) and Sentient Executive GP IV, Limited (“Sentient IV” and, together with Sentient I, Sentient Trust I, Sentient II, Sentient Trust II and Sentient III, collectively, “Sentient“), all related entities of Sentient III, may be considered as acting jointly and in concert with Sentient III. As a result of the Distribution (i) Sentient I will acquire control over 3,942,955 common shares of LeadFX; (ii) Sentient Trust I will acquire control over 866,121 common shares of LeadFX; (iii) Sentient II will acquire control over 2,416,690 common shares of LeadFX; (iv) Sentient Trust II will acquire control over 136,152 common shares of LeadFX; and (v) Sentient IV will acquire control over 11,406,300 common shares of LeadFX, which represents, respectively, approximately 10.3%, 2.3%, 6.3%, 0.4% and 29.8% of the presently issued and outstanding common shares of LeadFX (on a non-fully diluted basis).
As a result of the Distribution Sentient will acquire control over an aggregate of 32,553,847 common shares of LeadFX, which represents approximately 85.1% of the presently issued and outstanding common shares of LeadFX (on a non-fully diluted basis).
Following the Distribution, Enirgi Group will own no issued and outstanding common shares of LeadFX.

Click here for the full press release.