The parent company of Firebird Global Master Fund II, Ltd. acquired 16.3% stake in Vanoil Energy Ltd. (TSXV:VEL) from Firebird Global Master Fund II Ltd fund of Firebird Management LLC on March 26, 2014. In the transaction, Firebird Global Master Fund II Ltd sold 19.1 million shares. The securities were transferred by Firebird Global Master Fund II to its parent company at their then fair market value in the context of reorganization. In a related transaction, Firebird Global Master Fund transferred to Firebird Global Master Fund Holdings, Ltd. 32.5 million shares and 20.7 million warrants.

The parent company of Firebird Global Master Fund II, Ltd. completed the acquisition of 16.3% stake in Vanoil Energy Ltd. (TSXV:VEL) from Firebird Global Master Fund II Ltd fund of Firebird Management LLC on March 26, 2014.