CA - The Westaim Corporation to make 2022 normal course issuer bid
- The TSX Venture Exchange has accepted The Westaim Corporation's ( OTCPK:WEDXF ) ( TSXV: WED:CA ) notice to make a 2022 normal course issuer bid.
- As part of the company's 2021 normal course issuer bid, which began Oct. 1, 2021, and ends Sep. 30, the company purchased and cancelled 1.8M shares. The shares were purchased $2.02 per share, including commissions.
- The Canada-based company will purchase up to ~11M shares in total, representing ~10% of the company's public float, during the 12-month new bid period, commencing Oct. 1 and ending Sep. 30, 2023.
- The price for the shares will be the prevailing market price.
- The company is not expected to purchase more than 2% of its issued and outstanding shares during any 30-day period.
- The funding for the purchases will be financed out of the working capital.
- Source: Press Release
For further details see:
The Westaim Corporation to make 2022 normal course issuer bid