Bewhere Holdings Inc BEWFF

NCIB good to go

[skibum45]

Announces Acceptance of Normal Course Issuer Bid

TORONTO, ON / ACCESSWIRE / May 16, 2022 / BeWhere Holdings Inc. (the "Corporation" or "BeWhere") announces that it has received acceptance by the TSX Venture Exchange of its intention to purchase by way of a Normal Course Issuer Bid of up to an aggregate of 4,416,074 of its Common Shares, representing approximately 5% of the issued and outstanding Common Shares of the Corporation. The normal course issuer bid will commence on May 24, 2022 and terminate on May 23, 2023 or the earlier of the date all shares which are subject to the Normal Course Issuer Bid are purchased.

Purchases subject to the Normal Course Issuer Bid will be carried out pursuant to open market transactions through the facilities of the TSX Venture Exchange and the price which the Corporation will pay for the Common Shares acquired by it will be the market price of the Common Shares at the time of acquisition. The Member through which the Normal Course Issuer Bid will be conducted is Echelon Wealth Partners, Toronto, Ontario. All Common Shares purchased by BeWhere under the Normal Course Issuer Bid will be cancelled.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Owen Moore
President and Chief Executive Officer
Telephone: [phone]
Email: [e-mail]

SOURCE: BeWhere Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/701598/Announces-Acceptance-of-Normal-Course-Issuer-Bid
 

Source: ACCESSWIRE (May 16, 2022 15:15:00 EDT)

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[hrgoyal]

Good & let us hope company really buy some of its stock. In the last NCIB company bought ZERO share even the stock price went as low as 9c.

[kulewater]

This will help underpin the BID if they follow-thru. It will show up as Echelon so pretty easy to tell. I hope to see some insider buying in addition shortly. Telematics and Asset Tracking are picking up steam. Long BEW!

[hrgoyal]

Let us hope BeWhere buy this time. BeWhere has cash & has no better use of cash than to buy back its share.  At 30c average bid, it will cost 1.2-1.3M to buy 5% shares allowed under NCIB  As posted by me earlier, if stock price move 35c+, 10M warrant will b in money &  BeWhere can get back $3.5M back. It is win win situation for the company