Critical Control Energy Provides an Early Warning Report

Critical Control Energy Services Corp (TSX:CCZ) announced that president and CEO of Critical Control, Alykhan Mamdani has purchased 2,827,504 common shares of Critical Control at a purchase price of $0.19 per share in a private transaction.

The company provides solutions for the collection, control and analysis of measurement and operational data related to oil and gas wells across North America.

As quoted in the press release:

Immediately prior to the transaction described herein, Mr. Mamdani beneficially owned or exercised control or direction over 4,907,298 common shares, 471,100 deferred shares and 25,000 common share purchase warrants of Critical Control, representing approximately 11.07% of the issued and outstanding common shares of the issuer on a non-diluted basis and representing approximately 12.12% of the issued and outstanding shares of the issuer, assuming the full conversion of the deferred shares and exercise of common share purchase warrants that Mr. Mamdani beneficially owned or exercised control or direction over.

Immediately after the transaction described herein, Mr. Mamdani beneficially owns or exercises control or direction over 7,734,802 common shares, 471,100 deferred shares and 25,000 common share purchase warrants of Critical Control, representing approximately 17.45% of the issued and outstanding common shares of the issuer on a non-diluted basis and representing approximately 18.46% of the issued and outstanding shares of the issuer, assuming the full conversion of the deferred shares and exercise of common share purchase warrants that Mr. Mamdani beneficially owns or exercises control or direction over.

The securities were purchased for investment purposes. Mr. Mamdani may purchase additional common shares of Critical Control or sell common shares of Critical Control presently held from time to time in one or more transactions in his discretion based on market conditions and other factors that he deems relevant. No assurances can be made as to the timing of any purchase or sale or that any such transaction will occur at all.

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