04:27 PM EST, 01/31/2025 (MT Newswires) -- Strathcona Resources ( STHRF ) after trade Friday said Waterous Energy Fund Co-investment (Canada and International), two of the limited partnerships comprising the Fund, completed a share pass-through transaction, selling about 24 million common shares, or 11.2% of Strathcona's total shares, to their limited partners.

As a result, Waterous Energy Fund's ownership of Strathcona decreased from 90.8% to 79.6%, increasing the public float to over 20%, the company said.

The total number of shares remains unchanged, and the transaction did not require shareholder approval. The shares may be subject to resale restrictions under Canadian and US securities laws, the company added.