08:43:52 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Route1 Inc
Symbol ROI
Shares Issued 369,050,000
Close 2018-09-14 C$ 0.05
Market Cap C$ 18,452,500
Recent Sedar Documents

Route1 to buy back up to 18.4 million shares

2018-09-17 09:49 ET - News Release

Mr. Tony Busseri reports

ROUTE1 ANNOUNCES NORMAL COURSE ISSUER BID

Route1 Inc. has provided the TSX Venture Exchange its notice of intention to move forward with a further normal course issuer bid, subject to approval by the exchange.

The notice provides that Route1 may, during the 12-month period commencing Sept. 27, 2018, and ending Sept. 26, 2019, purchase on the exchange up to 18,405,350 common shares in total, being approximately 5 per cent of the outstanding common shares. The price that Route1 will pay for any such shares will be the market price at the time of purchase, provided, however, that Route1 will not pay more than six cents per common share. The actual number of common shares that may be purchased pursuant to the normal course issuer bid and the timing of any purchases will be determined by management of Route1. All common shares purchased pursuant to the normal course issuer bid will be purchased for cancellation, and all such purchases will be made on the open market through the facilities of the exchange. The normal course issuer bid will be conducted through Paradigm Capital Inc., a member of the exchange.

From Sept. 27, 2017, to Sept. 13, 2018, the company had purchased 4,086,414 common shares under the current normal course issuer bid at an average price of 3.9 cents per share.

About Route1 Inc.

Route1, operating under the trade name GroupMobile, is North America's most advanced provider of industrial-grade data intelligence, user authentication and ultrasecure mobile work force solutions.

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