The Toronto Stock Exchange reports that Chorus Aviation Inc. has made an offer dated April 14, 2025, to purchase up to $25-million of its voting and variable voting shares at a price of not less than $17.50 per share and not more than $21 per share. According to the TSX, the offer will expire at 5 p.m. Eastern Time on May 20, 2025, unless withdrawn, extended or varied by the company.

To tender to the offer, shareholders must return the letter of transmittal together with share certificates to TSX Trust Company at its principal office in Toronto. The company will select the lowest purchase price per share between $17.50 and $21 that will enable it to purchase the maximum number of shares tendered, having an aggregate purchase price not exceeding $25-million, determined in accordance with the terms of the offer.

The notice of guaranteed delivery must be completed and received by the depositary on or prior to the expiry date. The letter of transmittal, along with the shares pertaining to the notice of guaranteed delivery, by the depository at its principal office in Toronto on or prior to 5 p.m. Toronto time on the first trading day on the TSX after the expiration date. Trades on May 20, 2025, will settle on the same day.