- Genesis Land Development ( OTCPK:GNLAF ) ( TSX: GDC:CA ) to initiate a normal course issuer bid for a one year period, to commence on December 16, 2022 and will terminate on the earlier of December 15, 2023.
- Pursuant to the bid, the company may purchase for cancellation up to 2.84M shares, which is 5% of outstanding shares.
- The purchase price of the shares is restricted to a maximum of $3.00 per common share and an overall maximum of $8M.
- As of December 13, 2022, 56.86M shares were issued and outstanding.
For further details see:
Genesis Land Development to commence share buyback program