Sentgraf's Equity Interest Changes After AKITA Share Reorganization
CALGARY, AB, June 30, 2026 – Sentgraf Enterprises Ltd. announced that its equity interest in AKITA Drilling Ltd. changed on June 30, 2026, following an amendment to AKITA's articles that eliminated its dual class share structure. The reorganization converted each Class A Non-Voting Share into one Class B Common Share, which were then renamed Common Shares.
The share reorganization was part of AKITA's acquisition of Fox Drilling Limited Partnership and its general partner, Fox Drilling Inc., from Paramount Resources Ltd. In consideration, AKITA issued 19,264,270 Common Shares to Paramount.
Pre-Transaction Ownership Details
Immediately before the transaction, Sentgraf owned and controlled 4,474,258 Class A Shares (approximately 12% of outstanding Class A Shares) and 1,426,790 Class B Shares (approximately 86% of outstanding Class B Shares). After the reorganization, Sentgraf's Class A Shares became 4,474,258 Common Shares, and its Class B Shares were redesignated as 1,426,790 Common Shares.
Post-Transaction Ownership and Future Plans
Following the transaction, Sentgraf owned and controlled 5,901,048 Common Shares, representing approximately 10% of the outstanding Common Shares. Sentgraf holds these shares for investment purposes and may acquire additional shares through market transactions, private agreements, or treasury issuances, or may sell all or part of its holdings.
According to Sentgraf, the company will file an early warning report under National Instrument 62-103, available on AKITA's SEDAR+ profile. For more information, contact Deb Atkinson at (403) 532-7551.
Sentgraf's head office is at 18011 Spruce Meadows Way SW, Calgary, Alberta, T2X4B7. AKITA's head office is at 1000, 333 7th Avenue SW, Calgary, Alberta, T2P 2Z1.
