Stock BuybacksBy The Online Investor Staff, updated Tue., Oct. 15, 9:53 PM
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Slide #2. WELL Health Technologies Corp.
WELL Health Technologies Corp. (CVE:WELL.CA)
Share Amount Authorized:
WELL Health Technologies Corp. (TSX.V: WELL) ("WELL" or the "Company"), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, today announced that the TSX Venture Exchange has accepted its Notice of an Intention to Make a Normal Course Issuer Bid which shall commence on October 17, 2019 and terminate on October 16, 2020, or such earlier date if the maximum number of shares are purchased. At the opening of the stock market on today's date, the Company is expected to have 108,324,535 common shares issued and outstanding following the conversion of the previously announced special warrants financing of the Company. Under the Normal Course Issuer Bid, the Company may acquire up to an aggregate of 5,416,226 common shares over the next 12-month period, representing approximately 5% of the issued and outstanding common shares of the Company.
Well Health Technologies is classified as a Capital Pool Company as defined in the TSX Venture Exchange Policy 2.4. The principal business Co. is the identification and evaluation of a Qualifying Transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities.
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