interesting share buybackHealthy amount of the outstanding shares.
"up to 2,000,000 common shares in the capital of the Company (“Common Shares”), which represents approximately 9.7% of the public float (as defined in the TSX Company Manual) and approximately 6.7% of the issued and outstanding Common Shares as of April 6, 2021. "
"Purchases of Common Shares under the NCIB may be made through the facilities of the Toronto Stock Exchange (“TSX”), the New York Stock Exchange (“NYSE”) and alternative trading systems by means of open market transactions or by such other means as may be permitted by the TSX and under applicable securities laws. Under the NCIB, and
in order to comply with applicable securities laws, the Company will purchase a maximum of 1,497,476 Common Shares (or approximately 5% of the issued and outstanding voting common shares) on the NYSE and alternative trading systems."
Never seen a condition on where the company may buy them before - wonder if it is important?
"The Company repurchased a total of 2,300,000 Common Shares under the NCIB it previously announced on March 9, 2020. Of those, 1,705,655 Common Shares were purchased within the previous 12 months at a weighted average purchase price of $11.85 CDN per Common Share."