RE:No Share Buy Backs Posted in April!!??From Interim Consolidated Financial Statements on Sedar
C) Normal Course Issuer Bid On November 7, 2022, the Company received approval from the TSX to renew the Company’s NCIB program (the “2023 NCIB”) to purchase up to 136.7 million common shares during the period from November 9, 2022, to November 8, 2023. For the three months ended March 31, 2023, the Company purchased and cancelled 1.6 million common shares through the NCIB. The shares were purchased at a volume weighted average price of $25.54 per common share for a total of $40 million. Paid in surplus was reduced by $27 million, representing the excess of the purchase price of the common shares over their average carrying value. From April 1, 2023, to April 21, 2023, the Company purchased an additional 2.1 million common shares for $51 million. As at April 21, 2023, the Company can further purchase up to 121.5 million common shares under the 2023 NCIB