Transoceanic Investments (OCEEF) Chairman Fahad Al-Tamimi acquired 6 million common shares in a private transaction on September 22, 2026.
He paid $0.065 per share, or $390,000 in total, excluding applicable brokerage fees and commissions. The shares represent approximately 3.54% of the company's issued and outstanding shares. His non-diluted holdings rose from 26,896,837 shares, or approximately 15.89%, to 32,896,837 shares, or approximately 19.43%.
Al-Tamimi also holds 6,980,000 warrants and 1,300,000 stock options, each exercisable into one common share. Exercising all of them would bring his holdings to 41,176,837 shares, or approximately 23.19% on a partially diluted basis. He agreed not to exercise convertible securities if doing so would raise his holdings above 19.9%, unless shareholders approve him as a new control person. The shares were purchased from a single seller.
Transoceanic Investments announced an OTCQB ticker change effective April 20, 2026. The company, formerly Mason Resources, said its OTCQB ticker is now OCEEF following a recent corporate name change announced April 9, 2026.
The TSXV ticker remains OCEN.