Vermilion Energy (TSE:VET) has released an update.
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Vermilion Energy Inc. has increased its stake in Coelacanth Energy Inc. by acquiring an additional 12,497,000 common shares, reaching a total ownership of approximately 20.84% of Coelacanth’s issued and outstanding shares. This strategic purchase, costing over $9 million, signals Vermilion’s ongoing investment interest, with the potential for future adjustments to their holdings based on various economic and market factors.
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