The Toronto Stock Exchange reports that Chorus Aviation Inc. has made an offer dated Sept. 26, 2025, to purchase for cash up to $50-million of its voting and variable shares at a purchase price of not less than $23 per share and not more than $25 per share. According to the TSX, the offer will expire at 5 p.m. Toronto time on Nov. 10, 2025, unless extended, varied or withdrawn by the company.

To tender to the offer, shareholders must return the letter of transmittal, together with share certificates or direct registration system statements, to TSX Trust Company at its principal office in Toronto. The company will select the lowest purchase price per share between $23 and $25 that will enable it to purchase the maximum number of shares tendered having a total purchase price not exceeding $50-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 expiration date. The letter of transmittal, along with the shares pertaining to the notice of guaranteed delivery, must be received 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 Nov. 10, 2025, will settle on the same day.