Coloured Ties Capital Inc. (TSXV:TIE) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 7,500,000 shares, representing 33.92% of its issued share capital, for CAD 3.38 million. The shares will be purchased at CAD 0.45 per share in cash. The repurchase program is subject to approval from TSX Venture Exchange. The program will expire on January 17, 2023. As of October 18, 2022, the company had 22,111,859 Shares issued and outstanding.

Under the amended plan, the shares will be purchased at CAD 0.55 per share to CAD 0.65 per share.