Mr. Sean Ty reports
MENE INC. ANNOUNCES NORMAL COURSE ISSUER BID
Mene Inc. has received approval to undertake, at the company's discretion, a normal course issuer bid program to purchase up to 7,544,143 of its listed Class B subordinate voting shares.
The company is commencing the bid because it believes that, from time to time, the market price of its listed shares may not fully reflect the underlying value of the company's business and that the repurchase of its listed shares at those times would be in the best interests of its shareholders.
As of the date hereof, the company has 150,882,867 listed shares issued and outstanding. The maximum number of listed shares that may be purchased by the company under the bid represents approximately 5 per cent of the company's issued and outstanding listed shares. The bid will commence on Oct. 1, 2026, and will terminate on Sept. 30, 2027, or on an earlier date in the event that the maximum number of listed shares sought in the bid has been repurchased.
Although the company presently intends to purchase listed shares under the bid, there can be no assurance that any such purchases will be completed. The actual number of listed shares that may be purchased under the bid and the timing of any such purchases will be determined by the company, subject to applicable securities laws, the policies of the TSX Venture Exchange and the operation of the automatic securities purchase plan as described below. The company reserves the right to terminate the bid at any time.
In accordance with the policies of the TSX-V, the company may not purchase, in any 30-day period, more than 2 per cent of the listed shares issued and outstanding at the commencement of such 30-day period, aggregated with all other purchases made by the company during that period.
Purchases pursuant to the bid are expected to be made with existing working capital through the facilities of the TSX-V or by such other permitted means (including through alternative trading systems in Canada), at prevailing market prices or as otherwise permitted.
Any purchases on the TSX-V under the bid will be subject to all limitations set forth in the policies of the TSX-V. All listed shares purchased by Mene under the bid will be cancelled.
The company has engaged Canaccord Genuity Corp. to act as the broker through which the bid will be conducted. Purchases will be made by Canaccord Genuity in accordance with the requirements of the TSX-V and applicable securities laws. In connection with the bid, and in accordance with applicable securities laws, the company has entered into a predefined automatic securities purchase plan with Canaccord Genuity to allow for the repurchase of listed shares at times when the company ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of the restricted periods, the timing of purchases will be determined by management of the company. All repurchases made under the ASPP will be included in computing the number of listed shares purchased under the bid.
The company has purchased no listed shares in the past 12 months.
About Mene Inc.
Mene crafts pure 24-karat gold and platinum jewellery that is transparently sold by gram weight. Through the Mene website, customers may purchase jewellery, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Mene was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewellery and savings. Mene empowers consumers by combining innovative technology, timeless design and pure precious metals to create pieces that endure as a store of value.
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