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Route1 provided the TSX Venture Exchange its notice of intention to move forward with a further normal course issuer bid.
Route1 (TSXV:ROI; OTCQB:ROIUF) provided the TSX Venture Exchange its notice of intention to move forward with a further normal course issuer bid.
As quoted in the press release:
The notice provides that Route1 may, during the 12 month period commencing September 27, 2017 and ending September 26, 2018, purchase on the Exchange up to 17,359,671 common shares in total, being approximately 5% of the outstanding common shares. The price which Route1 will pay for any such shares will be the market price at the time of acquisitions, provided, however, that Route1 will not pay more than $0.05 per common share. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any purchases will be determined by management of Route1. All common shares purchased pursuant to the NCIB will be purchased for cancellation, and all such purchases will be made on the open market through the facilities of the Exchange. The NCIB will be conducted through Paradigm Capital Inc., a member of the Exchange.
Click here to read the full press release.
Source: www.marketwired.com
