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Tag Archives: NCIB

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  • Tag Archives: "NCIB"

Scythian Biosciences Announces Intention to Commence Normal Course Issuer Bid to Repurchase up to 5% of its Common Shares

Scythian Biosciences Announces Intention to Commence Normal Course Issuer Bid to Repurchase up to 5% of its Common Shares
TORONTO, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Scythian Biosciences Corp. (“Scythian” or the “Company”) (CSE:SCYB) (Frankfurt: 9SB) (OTC – Nasdaq Intl: SCCYF) announced its intention to commence a normal course issuer bid (“NCIB”), under which the Company may purchase up to 2,451,861 of the Company’s common shares, representing approximately 5% of its issued and outstanding common shares (the “Shares”). The Company is commencing the NCIB because it believes that, from time to time, the market price of its Shares may not fully reflect the underlying value of the Company’s business and future prospects. Scythian believes that, at such times, the repurchase of its Shares for cancellation represents an appropriate use of the Company’s financial resources and will enhance shareholder value.
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Namaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at GritCAMP cannabis & crypto conference July 25th-27th

Namaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at GritCAMP cannabis & crypto conference July 25th-27th
Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation's common shares ("Common Shares") at the time of purchase, up to 25,308,136 Common Shares, representing approximately 8.9% of the Company's issued and outstanding common shares and 10% of the Company's "public float" (as such term is defined in the TSX-V Corporation Finance Manual)
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