The Toronto Stock Exchange reports that Canadian Banc Corp. will list additional shares. As stated in its prospectus supplement dated Jan. 19, 2024, the company is issuing up to $140-million of Class A shares and up to $140-million of preferred shares to the public pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.

According to the TSX, the ATM sales will be made directly on the TSX or any other existing trading markets in Canada, during the period commencing Jan. 19, 2024, 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 Jan. 19, 2024; 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.