Tucows Inc. has made an offer to purchase up to 6.5 million of its outstanding shares, according to the Toronto Stock Exchange. As in the company's Dec. 15, 2011, news release, it will buy back the shares at a price between 73 and 77 cents per share. The offer will expire at 5 p.m. (New York time) on Friday Jan. 20, 2012.

The TSX reports that all trades in Tucows shares completed on Jan. 19, 2012, will be for regular settlement. All trades completed on Jan. 20, 2012, will be for special two-day settlement on Jan. 24, 2012.