09:34:00 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Till Capital Corp
Symbol TIL
Shares Issued 3,191,462
Close 2021-09-08 C$ 6.77
Market Cap C$ 21,606,198
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Till to buy back up to 253,600 shares under NCIB

2021-09-17 16:12 ET - News Release

Mr. Brian Lupien reports

TILL CAPITAL CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The TSX Venture Exchange has approved Till Capital Corp.'s notice of intention to make a normal course issuer bid (NCIB).

Pursuant to the NCIB, Till may purchase up to 253,600 common shares, representing 10 per cent of the 2,536,988 shares forming Till's public float. As of Sept. 1, 2021, there were 3,191,462 shares of Till outstanding. Purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period from Sept. 24, 2021, to Sept. 23, 2022.

The board of directors of Till believes that, from time to time, Till's common shares do not give full effect to their underlying value and that, accordingly, the purchase of common shares under the NCIB will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. Till also believes the NCIB purchases will provide increased liquidity to current shareholders that would like to sell their shares. Purchased shares will be returned to treasury and cancelled. The bid will commence no earlier than three trading days following receipt of approval of the TSX-V and will terminate one year from such date, or such earlier time as the applicable bid is completed or at the option of Till. Purchases subject to the bid will be carried out pursuant to open market transactions through the facilities of the TSX-V by Haywood Securities Inc., on behalf of Till.

Under a prior normal course issuer bid, which commenced on May 11, 2020, Till purchased zero common shares through open market purchases.

We seek Safe Harbor.

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