Altera Energy's main shareholder Berk has added an additional 50k shares in the market... below the "10% shareholder" threshold

Canadian energy exploration company Altura Energy (ALTU) announced on the 8th (local time) that its major shareholder Burke purchased an additional 50k common shares on the exchange. Through this transaction, Burke’s ownership stake has increased slightly, but due to the company’s previous private placement issuance, he no longer qualifies as a “10% shareholder.”

According to Altura Energy, Burke bought 50k common shares through the TSX Venture Exchange in Vancouver, British Columbia, at an average price of CAD 0.30 per share. In Korean won, this is approximately 442 KRW per share. The total acquisition amount was CAD 15k, roughly 22.09 million KRW.

After this purchase, Burke holds a total of 5,746,830 common shares and 200k stock warrants, based on his original holdings of 5,696,830 common shares and 200k warrants. This corresponds to a non-diluted ownership percentage of 7.87% based on the current issued shares. If all warrants are exercised, the partially diluted ownership percentage would be 8.12%.

Altura Energy explained that Burke, as of his last disclosure in June 2025, held 5,696,830 common shares and 200k warrants, with ownership percentages of 7.80% on a non-diluted basis and 8.05% on a partially diluted basis. However, due to the private placement announced in February 2026 increasing the total number of shares issued, Burke is no longer classified as a shareholder holding over 10%. Therefore, unless he again meets the relevant criteria in the future, he will no longer have additional “early warning” disclosure obligations.

The company stated that this stock acquisition was for “investment purposes.” There are no current plans for further purchases, but depending on future market conditions or circumstances, additional acquisitions or dispositions of shares through on-market or private transactions are not ruled out.

This disclosure is made in accordance with Canada’s securities regulation “National Instrument 62-103.” The related early warning report will be submitted under Altura Energy’s name to the Canadian Electronic Document Analysis and Retrieval System (SEDAR+).

Altura Energy is an energy company with exploration and production assets in the Holbrook Basin, Arizona, USA. The focus of this announcement is not on operational changes or new business releases but on the change in major shareholder holdings and disclosure obligations. Market analysis suggests that while this is unlikely to be seen as a large-scale accumulation signal, the slight increase in holdings by existing major shareholders can be interpreted as the company maintaining basic trust in them.

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