15:11:05 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Bewhere Holdings Inc
Symbol BEW
Shares Issued 88,061,488
Close 2023-05-31 C$ 0.20
Market Cap C$ 17,612,298
Recent Sedar Documents

Bewhere to buy back up to 4.39 million shares

2023-06-01 18:37 ET - News Release

Mr. Owen Moore reports

BEWHERE HOLDINGS INC. ANNOUNCES PLANS TO REPURCHASE COMMON SHARES

Bewhere Holdings Inc. has filed with the TSX Venture Exchange a notice of intention to make a normal course issuer bid, which is proposed to commence on June 7, 2023, and terminate on June 6, 2024, or the earlier of the date all shares which are subject to the normal course issuer bid are purchased.

In the opinion of the board of directors of Bewhere, the market price of the common shares of Bewhere does not accurately reflect the value of those shares. As a result, the corporation intends to repurchase Bewhere's common shares that may become available for purchase at prices which make them an appropriate use of funds of the corporation.

Bewhere intends to attempt to acquire up to an aggregate of 4,391,349 of its common shares over the next 12-month period, representing approximately 5 per cent of the issued and outstanding common shares of Bewhere.

Purchases subject to the normal course issuer bid will be carried out pursuant to open market transactions through the facilities of the TSX Venture Exchange, and the price which the corporation will pay for the common shares acquired by it will be the market price of the common shares at the time of acquisition. The member through which the normal course issuer bid will be conducted is Echelon Wealth Partners, Toronto, Ont. All common shares purchased by Bewhere under the normal course issuer bid will be cancelled.

The foregoing proposed normal course issuer bid is subject to regulatory approval.

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