Eley Simon 4
4 · Buckingham Exploration Inc. · Filed Oct 18, 2011
Insider Transaction Report
Form 4
Eley Simon
Director
Transactions
- Purchase
Common Stock
2011-10-12$0.05/sh+1,300,000$65,000→ 1,300,000 total
Footnotes (1)
- [F1]On October 12, 2011, Simon Eley acquired 1,300,000 shares of common stock of the issuer in a private placement. In addition, Resmin Pty Ltd. ("Resmin") holds 3,000,000 shares and warrants to acquire 1,500,000 shares of common stock of the issuer exercisable at a price of $0.10 per share, representing approximately 6.2% of the outstanding common stock of the issuer on a diluted basis.. Further, Aviador Corporation Pty. Ltd ("Aviador") holds 15,000,000 shares of common stock and warrants to acquire 7,500,000 shares of common stock of the issuer exercisable at a price of $0.10 per share, representing approximately 28.6% of the outstanding common stock of the issuer on a diluted basis.. Mr. Eley is a director of both Resmin and Aviador and disclaims beneficial ownership of the securities of the issuer held by Aviador and Resmin as investment and voting control over the securities held by Aviador and Resmin rests with the board of directors of Aviador and Resmin, respectively.