Elixxer Ltd.'s Board intends to launch an Equity Buyback.
July 06, 2021 at 12:00 am EDT
On July 6, 2021, the company announced that its Board of Directors will consider a share repurchase program. Under the normal course issuer bid the company may repurchase 56,050,801 common shares, representing 5% of its issued share capital, subject to the approval of the TSXV. The repurchased shares will be cancelled. The company intends to engage Integral Wealth Securities Inc. as its broker. The program will be valid till 12 months following commencement of the bid. As of July 6, 2021, the company has 1,121,016,031 common shares issued and outstanding.