Institutional investor W. Brett Wilson, together with a trust, purchased 2,278,464 common shares of Maxim Power Corp. at a price of C$2.40 per share for a total amount of approximately C$5.5 million, representing approximately 4.3% of the issued and outstanding Maxim shares.
Wilson, who also serves as lead director of Maxim Power, purchased the shares from two third parties on May 22 pursuant to purchase and sale agreements, according to a company release. Following the transaction, Wilson and his trust own an aggregate of 13,724,486 Maxim shares, representing approximately 25.6% of the issued and outstanding shares, an increase from a 21.4% ownership stake before to the transaction.
