Vermilion Energy Acquires Coelacanth Shares

Ticker: VET · Form: 6-K · Filed: 2024-02-28T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, 6-K filing, energy sector

TL;DR

**Vermilion Energy just bought Coelacanth shares, signaling potential growth in their portfolio.**

AI Summary

Vermilion Energy Inc. filed a 6-K report on February 28, 2024, announcing the acquisition of common shares of Coelacanth Energy Inc. The filing, under Commission File Number 001-35829, indicates that Vermilion Energy Inc. is a foreign private issuer and will file annual reports under Form 40-F. The news release detailing the acquisition is included as Exhibit 99.1.

Why It Matters

This acquisition could expand Vermilion Energy's asset base and operational footprint, potentially impacting its future production and financial performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an acquisition, not indicating immediate financial distress or significant operational risk.

Key Players & Entities

FAQ

What is the purpose of this 6-K filing by Vermilion Energy Inc.?

The purpose of this 6-K filing is to report that Vermilion Energy Inc. has acquired common shares of Coelacanth Energy Inc., as detailed in a news release dated February 28, 2024, attached as Exhibit 99.1.

When was the news release regarding the acquisition issued?

The news release regarding the acquisition was dated February 28, 2024, and is included as Exhibit 99.1 in the filing.

Under which form will Vermilion Energy Inc. file its annual reports?

Vermilion Energy Inc. will file its annual reports under Form 40-F, as indicated by the checkmark in the filing.

Who signed the 6-K report on behalf of Vermilion Energy Inc.?

The 6-K report was signed by Lars Glemser on behalf of Vermilion Energy Inc.

What is Vermilion Energy Inc.'s Commission File Number?

Vermilion Energy Inc.'s Commission File Number is 001-35829.

From the Filing

0001279569-24-000211.txt : 20240228 0001279569-24-000211.hdr.sgml : 20240228 20240228094852 ACCESSION NUMBER: 0001279569-24-000211 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240228 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERMILION ENERGY INC. CENTRAL INDEX KEY: 0001293135 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35829 FILM NUMBER: 24690873 BUSINESS ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 BUSINESS PHONE: 403-269-4884 MAIL ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 FORMER COMPANY: FORMER CONFORMED NAME: VERMILION ENERGY TRUST DATE OF NAME CHANGE: 20040607 6-K 1 vermilion6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934 For the month of February 2024 Commission File Number: 001-35829 Vermilion Energy Inc. (Exact name of registrant as specified in its charter) 3500, 520 – 3 rd Avenue S.W., Calgary, Alberta T2P 0R3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ Exhibit Exhibit Description 99.1 News Release dated February 28, 2024 - Vermilion Energy Inc. Acquires Common Shares of Coelacanth Energy Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 	 	 VERMILION ENERGY INC. By: /s/ Lars Glemser Title: Lars Glemser, VP and Chief Financial Officer Date: February 28, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED FEBRUARY 28, 2024 Exhibit 99.1 Vermilion Energy Inc. Acquires Common Shares of Coelacanth Energy Inc. CALGARY, AB, Feb. 28, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion") (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"). On February 27, 2024, Vermilion acquired ownership of, or control and direction over, 12,497,000 common shares ("Common Shares") of Coelacanth through a privately negotiated transaction with a single counterparty at a price of $0.75 per Common Share for a purchase price of $9,372,750 (the "Transaction"), representing an amount equal to more than 2% of the issued and outstanding Common Shares, thereby triggering the requirement to file an early warning report. Prior to the Transaction, Vermilion had ownership of, or control and direction over, an aggregate of 97,682,604 Common Shares, representing approximately 18.55% of the issued and outstanding Common Shares (and 104,682,604 Common Shares assuming exercise of 7,000,000 Common Share purchase warrants (the "Warrants") held by it, representing approximately 19.62% of the issued and outstanding Common Shares on a partially diluted basis). Following the Transaction, Vermilion now has ownership of, or control and direction over, an aggregate of 110,179,604 Common Shares, representing approximately 20.84% of the issued and outstanding Common Shares (and 117,179,604 Common Shares, assuming exercise of the Warrants, representing approximately 21.88% of the issued and outstanding Common Shares on a partially diluted basis). The Common Shares were acquired for investment purposes. Subject to applicable law, Vermilion will continue to review its holdings of Coelacanth's securities, and depending on market conditions, general economic c

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