Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 6:51 AM
|This Slide: #25 of 25|
Slide #25. Imperial Metals Corporation
Imperial Metals Corporation (TSE:III.CA)
Share Amount Authorized:
Imperial Metals Corporation (the "Company") (TSX:III) announces the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to be transacted through the facilities of the TSX or alternative Canadian market places. Pursuant to the Bid, the Company may purchase up to 642,632 common shares, which represents 0.5% of the total 128,526,424 common shares of the Company issued and outstanding as of April 23, 2021. Purchases will be made, at the discretion of the Company at prevailing market prices, commencing April 29, 2021 and ending no later than April 28, 2022. Pursuant to TSX policies, daily purchases made by the Company will not exceed 59,206 common shares or 25% of the Company's average daily trading volume of 14,801 common shares on the TSX, subject to certain prescribed exceptions. The shares acquired under the Bid will be used to satisfy the Company's obligations under its Non-Management Directors' Plan and Share Purchase Plan (the "Plans"). The funding for any purchase pursuant to the Bid will be financed out of the working capital of the Company. In the previous 12 months, the Company has repurchased 107,850 of its outstanding common shares at the average price per share of $2.71. The maximum number of common shares sought and approved by the TSX under the terms of the previous Bid was 642,451. The common shares have or will be allocated to satisfy the Company's obligations under the Plans. A copy of the Company's Notice filed with the TSX may be obtained, by any shareholder without charge, by contacting the Company's Chief Financial Officer.
Imperial Metals is engaged in the acquisition, exploration, development, mining and production of base and precious metals.
Open the III.CA Page at The Online Investor »