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Counsel Corporation CXSNF

A financial services company


GREY:CXSNF - Post by User

Comment by JTDOUBLEon Mar 20, 2017 6:40pm
107 Views
Post# 26004580

RE:RE:RE:NCIB will be renewn ...

RE:RE:RE:NCIB will be renewn ...
The NCIB is posted on the latest CC , as stated they intend to renew as soon as it expires , is not ?

In case you have not read it , pasting it now..

Update Regarding Normal Course Issuer Bid

Street Capital, with the approval of the Toronto Stock Exchange (the "Exchange") commenced a normal course issuer bid (the "NCIB") that became effective on March 23, 2016 and will expire on March 22, 2017, with the intention of purchasing for cancellation up to 2% of the Company's common shares outstanding. Street Capital, through its broker, purchases the common shares on the open market through the facilities of the Exchange and otherwise in accordance with the rules and policies of the Exchange. Street Capital believes that the potential repurchase by Street Capital of a portion of outstanding common shares is an appropriate use of available cash and is in the best interests of Street Capital and its shareholders, and intends to renew the current NCIB upon its expiration.

During the period March 23, 2016 to December 31, 2016, the Company repurchased 630,132 of its common shares for $0.91 million, which reduced share capital by $1.27 million and increased contributed surplus by $0.36 million. Between December 31, 2016 and March 7, 2017, the Company did not purchase any additional common shares through the NCIB.




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