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Namesilo Technologies Corp
Symbol URL
Shares Issued 92,646,648
Close 2024-09-26 C$ 0.32
Market Cap C$ 29,646,927
Recent Sedar Documents

Namesilo may buy back up to 4.45 million shares

2024-09-26 16:36 ET - News Release

Mr. Paul Andreola reports

NAMESILO TECHNOLOGIES CORP. ANNOUNCES NORMAL COURSE ISSUER BID

Namesilo Technologies Corp. intends to initiate a normal course issuer bid (NCIB) through the facilities of the Canadian Securities Exchange. Under the NCIB, the company intends to acquire up to 4.45 million common shares in the capital of the company, representing approximately 4.95 per cent of its issued and outstanding common shares. The NCIB will commence on Oct. 1, 2024, and end no later than Oct. 1, 2025.

The company may terminate the NCIB earlier if it feels it is appropriate to do so. The company has appointed Canaccord Genuity Corp. to conduct the NCIB. The purchase and payment of the shares will be made in accordance with the requirements of the Canadian Securities Exchange and applicable securities laws. The actual number of shares purchased, timing of purchases and share price will depend upon market conditions at the time and securities law requirements. All shares acquired will be returned to treasury and cancelled.

The company is commencing the NCIB because it believes that the current market price of its common shares may not fully reflect the underlying value of the company's business and future prospects.

About Namesilo Technologies Corp.

Namesilo Technologies invests its capital in companies and opportunities that management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries, excluding the resource and resource service sectors. Namesilo does not invest on behalf of any third party and it does not offer investment advice.

Namesilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN (Internet Corporation for Assigned Names and Numbers) registrar, Namesilo is one of the fastest-growing domain registrars in the world with approximately 4.67 million active domains under management from approximately 160 countries.

We seek Safe Harbor.

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