RE:Consolidation Wednesday, April 27, 2022, 2:00 AM ET
Toronto, Ontario--(Newsfile Corp. - April 27, 2022) - Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph" or the "Company") is pleased to announce its intention to initiate a normal course issuer bid ("NCIB") to purchase common shares of the Company (each a "Common Share") through the facilities of the Canadian Securities Exchange (the "CSE"). PI Financial Inc. has been appointed to make purchases under the NCIB program on behalf of the Company.
Under the terms of this normal course issuer bid, the Company may purchase up to 28,885,085 million Common Shares on the open market, effective May 3, 2022, and potentially extending for a 12-month period, and representing approximately 5% of the issued and outstanding shares.
The actual number of shares purchased, timing of purchases and share price will depend on market conditions and in compliance with CSE policy guidelines. If management decides it has a better use of these funds to increase shareholder value, it is under no obligation to continue to buy shares in the open market.
The Company believes that share purchases pursuant to the NCIB will contribute to the facilitation of an orderly market and be in the best interests of the Company and its shareholders. In the event that the Company believes that its common shares begin trading in a price range that does not adequately reflect their underlying value based on the Company's business prospects and financial position, the Company may purchase shares pursuant to the NCIB and in accordance with CSE rules, policies and guidelines. Depending upon future price movements and other factors, the Company believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds.
Purchases subject to this NCIB will be carried out pursuant to open market transactions through the facilities of the CSE and any other available markets and alternative trading systems in Canada by a broker on behalf of the Company in accordance with applicable regulatory requirements. All common shares purchased by the Company under the NCIB will be returned to treasury and cancelled.
To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell any Common Shares under this bid. However, sales by such persons through the facilities of the CSE or any other available market or alternative trading system in Canada may occur if the personal circumstances of any such person change or if any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.
US Disclaimer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Toronto, Ontario--(Newsfile Corp. - May 5, 2022)- Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph" or the "Company") is pleased to report that certain members of the Board of Directors and Senior Management have purchased approximately 10.5 million shares of the Company in open-market transactions. This represents approximately 2.5% of the total outstanding shares of the Company. "We are very excited about our recent developments at Graph including signing Ronaldinho as the Global Ambassador for New World and his upcoming NFT launch(es) and the use of our platform for Augmented Reality including our recent signing with Pure Spirits. We have many other events planned for the second half of the year, including our spin out of Coin Analyser Inc. These purchases show managements commitment to the success of Graph. I look forward to continuing to grow the company and build more value for our shareholders," said Paul Haber, Chairman and CEO. ? What does history say about a new industry investment company, such as GBLC. With all the diverse people involved from different occupations that GBLC has invested into. Consider and, if deemed advisable, pass, with or without variation, a special resolution the full text of which is set forth in the Information Circular. Before we vote do we get to consider The share buyback time line .
. And I don't get it when they want to purchase the shares after or before Consolidation. It would help the shareholders And the company, and the many that are sponsered. Can the management give some guidance on what will help the sp. Before the meeting. thanks.