Here are some details from the TSXV NCIB Policy 5.6
“Normal Course Issuer Bid” means an Issuer Bid where the purchases (other than purchases by way of a substantial issuer bid):
(a) do not, when aggregated with the total of all other purchases in the preceding 30 days, whether through the facilities of a stock exchange or otherwise, exceed 2% of the total issued and outstanding securities of that class outstanding at the time the purchases are made; and
(b) over a 12-month period beginning on the date specified in the notice of the bid do not exceed the greater of:
(i) 10% of the Public Float; and
(ii) 5% of that class of securities issued and outstanding;
on the first day of the 12-month period.
Having a little trouble interpreting how much they're exactly allowed to buy back.
It looks like GBLC was authorized to purchase ii) 5% of that class of securities issued and outstanding.