ABSSF - AirBoss renews normal course issuer bid

AirBoss (OTCQX:ABSSF) received acceptance from TSX to renew its normal course issuer bid (‘NCIB’). The NCIB allows the company to purchase up to 500,000 common shares, representing 1.9% of the public float of 26,993,181 common shares as of November 29, 2021. Under the previous NCIB, company received approval to purchase 500,000 shares that expired on November 29, 2021. However, the company has not purchased common shares for cancellation to date over the course of the current Bid. The renewed Bid will commence on December 6, 2021 and remain in effect until the earlier of December 5, 2022. As of November 29, 2021, the Company had 26,993,181 common shares issued and outstanding. The company intends to fund the repurchases under the Bid out of its available cash. All common shares acquired by the company under the Bid will be cancelled. Company believes the proposed repurchase constitutes an attractive investment for the company and would be in the best interest of the company's

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AirBoss renews normal course issuer bid