The Toronto Stock Exchange reports that Canadian Banc Corp. will list additional shares on the TSX. According to the TSX, the listing will cover up to $70-million of preferred shares and up to $70-million of Class A shares to be sold to the public pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.

The TSX notes that the ATM sales will be made directly on the TSX or any other existing trading markets in Canada, during the period commencing May 18, 2023, and ending on the earlier of: (i) June 18, 2025; (ii) the issuance and sale of all of the shares subject to the equity distribution agreement dated May 18, 2023; and (iii) the termination of the distribution agreement. As a result of the ATM procedures, prices may vary as between purchasers and during the period of distribution.

For more information, see Canadian Banc's prospectus supplement dated May 18, 2023, available on SEDAR.