Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced its intention to ‎initiate a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV") and/or alternative Canadian trading systems to repurchase, for cancellation, up to 989,228 common shares of the Company ("Common Shares"), represe ...

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]

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].

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].

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].

Core Viewpoint - Trisura Group Ltd. has announced its intention to renew its Normal Course Issuer Bid (NCIB) to repurchase up to 1,427,012 common shares, representing approximately 3% of its issued and outstanding shares, to offset dilution from equity incentive programs and return capital to shareholders [1][2][4]. Group 1: NCIB Details - The NCIB will commence on December 9, 2025, and end on December 8, 2026, allowing Trisura to purchase shares at market prices or other permitted prices [2][5]. - Trisura Group had previously received approval to purchase up to 1,433,371 common shares under its previous NCIB, which expires on December 5, 2025 [3]. - The company has not repurchased any common shares in the last twelve months [3]. Group 2: Share Purchase Plan - An automatic share purchase plan is intended to be established around December 9, 2025, allowing for share purchases during internal trading black-out periods [6]. - All shares acquired under the NCIB will be cancelled or purchased by a non-independent trustee as per Trisura's escrowed stock plan [5]. Group 3: Company Overview - Trisura Group Ltd. operates as a specialty insurance provider in various business lines, including Surety, Warranty, Corporate Insurance, and Fronting, primarily in Canada and the United States [7].

Core Viewpoint - BRP Inc. has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid (NCIB) to repurchase up to 3,131,256 subordinate voting shares over a twelve-month period, which represents approximately 10% of its public float as of December 2, 2025 [1][6]. Group 1: NCIB Details - The NCIB will be executed through the TSX or other eligible Canadian trading systems, adhering to their regulations, and will involve open market transactions and other permitted means [2]. - BRP is allowed to purchase a maximum of 44,267 subordinate voting shares daily, which is 25% of the average daily trading volume of 177,071 shares over the last six months [3]. - The purchase price for shares will be the market price at the time of acquisition, plus brokerage fees, with potential discounts for certain types of purchases [4]. Group 2: Automatic Share Purchase Plan - BRP has established an automatic share purchase plan (APP) with a designated broker to facilitate share purchases during regulatory restrictions or blackout periods, effective January 24, 2026 [5]. - The APP allows BRP to instruct the broker to make purchases based on pre-established parameters before entering a blackout period, ensuring compliance with TSX rules and applicable securities laws [5]. Group 3: Previous NCIB Performance - Under the previous NCIB that expires on December 9, 2025, BRP did not purchase any subordinate voting shares as of December 2, 2025, despite being allowed to buy a total of 3,331,852 shares [6]. Group 4: Strategic Rationale - The Board of Directors believes that repurchasing subordinate voting shares could be a beneficial use of available cash to enhance shareholder value [7]. Group 5: Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CA$7.8 billion and a workforce of approximately 16,500 as of January 31, 2025 [8].

Core Viewpoint - International Petroleum Corporation (IPC) has received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB), allowing it to repurchase up to 6,468,077 common shares over a twelve-month period, which represents approximately 5.8% of its outstanding shares as of November 30, 2025 [1]. Group 1: NCIB Details - The NCIB allows IPC to purchase shares on the TSX and/or Nasdaq Stockholm, with a maximum daily purchase limit of 25% of the average daily trading volume for the respective exchanges [2]. - IPC's daily purchases on the TSX are capped at 24,839 shares, based on an average daily trading volume of 99,360 shares over the past six months [2]. - An automatic share purchase plan (ASPP) has been established to facilitate share repurchases during regulatory restrictions and blackout periods, with all purchases under the ASPP counted towards the NCIB total [3]. Group 2: Purchase Mechanics - Shares will be purchased at the prevailing market price and in compliance with applicable securities laws, with no maximum monetary amount allocated for the NCIB at this time [4]. - The actual number of shares purchased and the timing will be determined by IPC, subject to regulatory limits [4]. - Any shares repurchased under the NCIB will be cancelled [4]. Group 3: Purpose and Previous NCIB - The primary purpose of the NCIB is to reduce the outstanding share capital, which IPC believes is an effective use of capital and beneficial for shareholders [5]. - IPC's previous NCIB, which allowed for the purchase of up to 7,465,356 shares, was completed by September 30, 2025, at a weighted average price of CAD 20.10 per share [6]. Group 4: Company Overview - IPC is an international oil and gas exploration and production company with assets in Canada, Malaysia, and France, positioning it for both organic and inorganic growth [7].

Core Viewpoint - Stack Capital Group Inc. has announced its intention to initiate a normal course issuer bid (NCIB) for its common shares, believing its share price is undervalued compared to its Book Value per Share of $14.26 [1][2]. Group 1: NCIB Details - The NCIB will allow Stack Capital to purchase up to 1,095,780 common shares, representing 10% of the public float as of November 24, 2025, over a 12-month period from December 3, 2025, to December 2, 2026 [2][3]. - The average daily trading volume from May 1, 2025, to October 31, 2025, was 18,222 common shares, with daily purchases under the NCIB limited to 4,555 common shares, excluding block purchases [2][3]. - All shares purchased under the NCIB will be cancelled [2][3]. Group 2: Automatic Share Purchase Plan (ASPP) - Stack Capital has established an automatic share purchase plan (ASPP) with a designated broker to facilitate share purchases during regulatory restrictions or blackout periods [4]. - The ASPP will become effective on December 3, 2025, coinciding with the start of the NCIB, and all purchases made under the ASPP will count towards the total shares purchased under the NCIB [4]. Group 3: Previous NCIB Performance - Under a previous NCIB, Stack Capital purchased 142,653 common shares at a weighted average price of $11.4394 per share, with the previous NCIB period running from November 18, 2024, to November 17, 2025 [5]. Group 4: Company Overview - Stack Capital is an investment holding company focused on investing in equity, debt, and other securities of growth-to-late-stage private businesses, providing shareholders with exposure to a diversified private investment portfolio [6].

Core Viewpoint - Pet Valu Holdings Ltd. has announced the acceptance of its notice to renew its normal course issuer bid (NCIB), allowing the company to repurchase up to 3,449,181 common shares, approximately 5% of its outstanding shares [1][2]. Group 1: NCIB Details - The NCIB allows Pet Valu to purchase up to 34,220 common shares on any trading day, representing 25% of the average daily trading volume of 136,880 shares over the past six months [2]. - The repurchase period for the NCIB will commence on December 2, 2025, and will continue until the earliest of December 1, 2026, the date the maximum number of shares is acquired, or the date of termination notice to the TSX [2][3]. - Purchases will be conducted in accordance with TSX rules, at market prices or other permitted prices, through open market transactions or other means allowed by securities regulatory authorities [3]. Group 2: Automatic Share Purchase Plan - Pet Valu has entered into an automatic share purchase plan with a designated broker, allowing the broker to purchase shares during trading blackout periods, subject to price limitations and TSX rules [4]. - The company can instruct the broker for specific purchases and can suspend or terminate the plan, ensuring compliance with insider trading policies [4]. Group 3: Shareholder Value - The NCIB is expected to provide the company with additional flexibility to manage capital and enhance shareholder value [5]. Group 4: Previous NCIB Performance - Under the previous NCIB, which started on December 2, 2024, and ends on December 1, 2025, Pet Valu received approval to purchase up to 3,572,004 common shares and has repurchased 1,503,373 shares at an average price of approximately $26.54 per share [6]. Group 5: Company Overview - Pet Valu is Canada's leading retailer of pet food and supplies, operating over 800 locations and offering more than 10,000 products, including exclusive and award-winning brands [7].