Urbana Corporation (TSX:URB) announces a share repurchase program. Under the program, the company will repurchase up to 3,107,298 of its non-voting Class A shares, representing 9.9% of its issued share capital. Shares purchased under the bid will be cancelled. The bid has been by approved by the Toronto Stock Exchange. The repurchases will commence on September 7, 2023, and the bid will be valid till September 6, 2024. As of August 28, 2023, the company had 31,395,100 shares issued and outstanding.

Caldwell Securities Ltd. acted as broker to the company.