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AGF Management Limited - Normal Course Issuer Bid
Globenewswire· 2026-02-06 12:30
Core Viewpoint - AGF Management Limited has received approval from the Toronto Stock Exchange to renew its normal course issuer bid for its Class B Non-Voting Shares, allowing the company to repurchase up to 4,693,830 shares, approximately 10% of the public float as of January 26, 2026 [1][2]. Group 1: Normal Course Issuer Bid Details - The normal course issuer bid allows AGF to purchase shares starting from February 10, 2026, until February 9, 2027 [2]. - AGF is restricted from purchasing shares at a price exceeding 15% of the weighted average price over the ten trading days preceding any purchase [2]. - The average daily trading volume of Class B Non-Voting Shares for the six-month period ending January 31, 2026, was 107,502, allowing AGF to repurchase up to 25% of this volume on the same trading day [4]. Group 2: Purchase Plan and Utilization - AGF will implement an automatic purchase plan with a broker effective February 10, 2026, which will terminate with the normal course issuer bid [3]. - Shares purchased under the issuer bid will either be canceled or held by the AGF Employee Benefit Trust for equity settled incentive plans [5]. - The management believes that repurchasing shares for cancellation is a favorable use of capital when the shares are deemed attractive relative to their trading price [5]. Group 3: Previous Issuer Bid Performance - Under the existing normal course issuer bid, which expires on February 9, 2026, AGF received approval to purchase 4,750,792 shares and acquired 2,757,313 shares at a weighted average price of $13.30 from February 10, 2025, to February 4, 2026 [6]. Group 4: Company Overview - AGF Management Limited, founded in 1957, is an independent asset management firm with over $59 billion in total assets under management, serving more than 820,000 investors [9]. - The company operates through three business lines: AGF Investments, AGF Capital Partners, and AGF Private Wealth, focusing on responsible and sustainable corporate practices [7][8].
Cerrado Files Notice to Implement Normal Course Issuer Bid
Globenewswire· 2026-01-28 11:00
Management and Directors do not believe Common Shares reflect the value of the Company's assets and future prospects TORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. [TSX.V: CERT][OTCQX: CRDOF] (“Cerrado” or the “Company”) announces today that the TSX Venture Exchange (“TSXV”) has accepted the Company’s notice to implement a normal course issuer bid (the “NCIB”) permitting the Company to repurchase, for cancellation, up to 6,794,790 common shares (“Common Shares”) of the Company, representing 5% ...
Parex Resources Announces Approval of Normal Course Issuer Bid and Automatic Share Purchase Plan
Globenewswire· 2026-01-20 13:00
Core Viewpoint - Parex Resources Inc. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid to repurchase up to 9,407,490 common shares, which represents 10% of the public float as of January 9, 2026 [1][2][3]. Group 1: Bid Details - The issuer bid will commence on January 22, 2026, and will terminate on January 21, 2027, unless completed or terminated earlier by the company [2]. - The daily maximum number of shares that can be purchased is 146,890, which is 25% of the average daily trading volume of 587,563 from July 1, 2025, to December 31, 2025 [3]. - Shares will be purchased at the prevailing market price on the TSX and will be cancelled upon acquisition [3]. Group 2: Rationale for the Bid - The company believes that its common shares are trading below their intrinsic value relative to current operations and growth prospects, and that repurchasing shares will benefit remaining shareholders by increasing their proportional interest [5]. - As of January 9, 2026, Parex had 95,974,136 common shares issued and outstanding, with a public float of 94,074,906 common shares [5]. Group 3: Previous Issuer Bid - Under a previous normal course issuer bid, Parex was approved to purchase 8,621,348 common shares from January 22, 2025, to January 21, 2026, and had purchased 2,310,000 shares at a weighted-average price of C$15.371 per share during that period [6].
Cerrado Gold Announces Conclusion of Gold Hedging Program at Its Minera Don Nicolas Mine in Argentina and a Proposed Normal Course Issuer Bid for Its Shares
Globenewswire· 2026-01-19 11:00
Core Viewpoint - Cerrado Gold Inc. has completed its gold hedging program, allowing the company to sell gold at near-spot prices, which is expected to enhance profitability and free cash flow [1][4]. Group 1: Gold Hedging Program - The gold hedging program had a ceiling of $3,250/oz and was concluded with the final shipment on January 15, 2026 [1]. - The company will now sell 100% of its gold production at near-spot prices, improving its financial performance [1][4]. Group 2: Normal Course Issuer Bid (NCIB) - Cerrado has proposed a normal course issuer bid to purchase up to 6,794,790 common shares, representing approximately 5% of the total shares outstanding as of January 16, 2026 [2][3]. - The management believes that the current share price is significantly undervalued compared to the company's asset value [2][3]. Group 3: Financial Strategy and Shareholder Benefits - The use of excess liquidity to buy back shares is expected to be accretive to net asset value per share, benefiting shareholders by increasing their ownership proportion [3]. - The company aims to return capital to shareholders while maintaining a strong cash balance and continuing growth initiatives [4]. Group 4: Company Overview - Cerrado Gold is a Toronto-based gold production, development, and exploration company, owning the Minera Don Nicolás and Las Calandrias mine in Argentina [5]. - The company is also developing the Lagoa Salgada VMS project in Portugal and the Mont Sorcier Iron project in Canada, indicating a diversified portfolio [5][9]. Group 5: Operational Focus - In Argentina, the company is optimizing operations at Minera Don Nicolás and increasing production at the Las Calandrias project [6]. - The Lagoa Salgada project is noted for its high-grade polymetallic potential, with significant exploration opportunities [7][8].
CDN Maverick Announces Normal Course Issuer Bid
TMX Newsfile· 2026-01-17 00:37
Core Viewpoint - CDN Maverick Capital Corp. has announced a normal course issuer bid (NCIB) to repurchase up to 1,048,061 common shares, representing approximately 5% of its issued and outstanding shares, to enhance long-term shareholder value [1][5]. Group 1: NCIB Details - The NCIB will commence on January 19, 2026, and conclude no later than January 18, 2027, with shares purchased on the open market at prevailing market prices [2]. - The company will fund the share purchases with cash on hand, and the timing and amount of purchases will depend on market conditions [3]. - Under the NCIB, the company may buy up to 2% of its issued and outstanding shares over any 30-trading-day period, with Haywood Securities Inc. conducting the transactions [4]. Group 2: Company Perspective - The Board of Directors believes that the current trading price of the shares does not reflect the company's business value and prospects, making the share repurchase a suitable strategy [5]. - The company has not repurchased any shares in the past 12 months, and no insiders currently intend to sell shares under the NCIB [5]. Group 3: Company Overview - CDN Maverick Capital Corp. is a project generator and critical minerals exploration company focused on developing high-value assets, particularly in lithium and battery metals across North America [6].
Bitcoin Treasury Corporation Announces Intention to Commence Normal Course Issuer Bid
TMX Newsfile· 2025-12-15 12:00
Core Viewpoint - Bitcoin Treasury Corporation plans to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 989,228 common shares, representing approximately 10% of the company's public float, to enhance shareholder value and support long-term objectives [1][2]. Group 1: NCIB Details - The NCIB will commence on January 5, 2026, and may last for up to 12 months unless the maximum number of shares is repurchased earlier or the company terminates it [2]. - The repurchase will be conducted through the TSX Venture Exchange and/or alternative Canadian trading systems, with National Bank Financial acting as the broker [3]. - The shares will be purchased at the prevailing market price, funded through available cash, revenues, working capital, or the sale of Bitcoin holdings [3]. Group 2: Company Strategy and Operations - Bitcoin Treasury focuses on institutional-grade Bitcoin services, including Bitcoin-denominated loans, aiming to build shareholder value through strategic accumulation and deployment of Bitcoin [5]. - The company has recently received its final base shelf prospectus and funded its first Bitcoin loan, indicating growth in revenue streams [2]. - The core strategy includes increasing Bitcoin per share (BPS) while maintaining a robust treasury position [5].
Fancamp Announces Intention to Launch Normal Course Issuer Bid
Globenewswire· 2025-12-09 23:01
Core Viewpoint - Fancamp Exploration Ltd. has authorized a normal course issuer bid (NCIB) to repurchase up to 12,118,116 common shares, representing approximately 5% of its outstanding shares, as a strategy to enhance long-term shareholder value and address perceived undervaluation of its stock [1][3][4] Group 1: Normal Course Issuer Bid (NCIB) - The NCIB is subject to approval from the TSX Venture Exchange and is expected to commence around December 16, 2025, lasting for 12 months or until completed [4] - The purchases will be made on the open market at prevailing market prices, with the actual number and timing of repurchases dependent on market conditions [2][3] - The Board believes that repurchasing shares is an appropriate use of financial resources to increase shareholder value [3] Group 2: Management Commentary - Rajesh Sharma, President and CEO, stated that the NCIB reflects the belief that the current share price does not accurately represent the company's future prospects, especially during the spin-out process [2] - The management team is focused on creating value through strategic interests in high-potential mineral projects and monetization opportunities [7][8] Group 3: Recent Developments - Fancamp has entered into an amendment to an option agreement with Harfang Exploration Inc. to acquire up to an 80% interest in the Egan mineral property, contingent on TSX-V approval [6] - The amendment specifies that shares issued to Harfang will be priced based on the volume-weighted average trading price over the preceding 10 trading days, with a minimum price of $0.064 per share [6]
Evertz Technologies Limited (ET) Announces TSX Approval of Normal Course Issuer Bid
Newsfile· 2025-12-09 13:30
Core Viewpoint - Evertz Technologies Limited has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 3,774,227 of its common shares, representing approximately 5% of its outstanding shares, due to the belief that the current market price does not reflect the company's underlying value [1][2][5]. Group 1: NCIB Details - The NCIB will allow Evertz to purchase shares from December 11, 2025, to December 10, 2026 [2]. - Evertz plans to buy shares at market price and will cancel all purchased shares [3]. - The company can buy up to 5,615 shares per day, which is about 25% of its average daily trading volume [4]. Group 2: Previous NCIB Performance - Under a previous NCIB, Evertz purchased 534,107 shares at an average price of $11.42 from November 27, 2024, to October 31, 2025 [5]. Group 3: Automatic Securities Purchase Plan (ASPP) - Evertz will implement an Automatic Securities Purchase Plan (ASPP) with an independent broker to facilitate share repurchases during blackout periods [7][8]. - The ASPP allows the broker to purchase shares at times when Evertz cannot, based on pre-established parameters [9]. - The ASPP will terminate when the purchase limit is reached or if Evertz decides to terminate it [10]. Group 4: Company Overview - Evertz Technologies Limited designs, manufactures, and markets video and audio infrastructure solutions for the television, telecommunications, and new-media industries, enabling customers to enhance revenue and reduce costs through efficient content management [13].
Descartes Announces TSX Acceptance of Normal Course Issuer Bid
Globenewswire· 2025-12-09 11:45
Core Viewpoint - Descartes Systems Group Inc. has announced the initiation of a Normal Course Issuer Bid (the Bid) to repurchase up to 8,568,582 common shares, approximately 10% of its public float, to enhance shareholder value and manage its capital position [1][2][6]. Group 1: Bid Details - The Bid will commence on December 11, 2025, and will conclude on December 10, 2026, or upon completion of the share purchases [2]. - Descartes plans to repurchase shares on the open market, with a daily purchase limit of 51,176 common shares based on the average daily trading volume [3]. - The repurchases will be funded using existing cash resources, and any shares repurchased will be cancelled [4]. Group 2: Automatic Share Purchase Plan - Descartes has established an automatic share purchase plan (ASPP) with a designated broker to facilitate share purchases during periods when the company is typically restricted from buying shares [5]. Group 3: Share Structure - As of November 30, 2025, Descartes had 85,986,823 issued and outstanding common shares, with a public float of 85,685,826 common shares [6].
OR Royalties Announces Renewal of Normal Course Issuer Bid
Globenewswire· 2025-12-08 12:00
Core Viewpoint - OR Royalties Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 9,399,294 common shares, representing approximately 5% of the issued shares, with a total budget of C$28.0 million for 2025 [1][6][7]. Summary by Sections NCIB Program Details - The NCIB Program is approved by the Toronto Stock Exchange (TSX) and allows the company to acquire shares through open market transactions or other permitted means [1][2]. - Repurchases may start on December 12, 2025, and will end on December 11, 2026, with daily purchases limited to 107,496 shares [3]. - The purchase price for shares will be the market price at the time of acquisition, plus any applicable brokerage fees [4]. Rationale for Share Repurchase - The Board of Directors believes that the market price does not reflect the underlying value of the company, and repurchasing shares will benefit remaining shareholders by increasing their proportional interest [5]. Historical Context - Under the previous NCIB Program, which ran from December 12, 2024, to December 11, 2025, the company repurchased 228,183 shares at an average price of approximately C$45.83, totaling C$28.0 million in 2025 [7].