TORONTO, ON / ACCESSWIRE / May 4, 2020 / Route1 Inc. (OTCQB:ROIUF)(TSXV:ROI) (the "Company" or " Route1"), an advanced North American provider of data-centric business empowerment solutions, today reported that the TSX Venture Exchange (the "Exchange") has approved an amendment to the Company's current normal course issuer bid ("NCIB") to increase the maximum purchase price per common share purchased under the NCIB to $0.75 from $0.60. All other terms and conditions of the NCIB remain the same.
Since commencement of the current NCIB, Route1 has purchased for cancellation 487,500 common shares for an aggregate purchase price of $178,461. The current NCIB commenced on September 27, 2019. The amended NCIB will commence on May 4, 2020 and will continue to September 26, 2020, or such earlier date as the Company has acquired the maximum number of common shares permitted under the NCIB being 1,816,855 common shares.
Purchases under the NCIB will continue to be made through the facilities of the Exchange at the prevailing market price at the time of the acquisition. All purchased common shares will be cancelled.
About Route1 Inc.
Route1 Inc., also operating under the tradenames GroupMobile and PCS Mobile, is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers, whether it be in a manufacturing plant, in-theater or in a university parking lot. Route1 is listed on the OTCQB in the United States under the symbol ROIUF and in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: www.route1.com.