GXE boight back shares in 2022 Poor wording as it is not clear if it was 3.6 million shares or 2.5 million shares.
Purchases are made on the open market through the TSX or alternative Canadian trading platforms at the prevailing
market price of such common shares at the time of purchase. When the Company repurchases its own common
shares, share capital is reduced by the average carrying value of the shares repurchased. When the carrying value
exceeds the purchase price the excess is credited to contributed surplus or conversely the excess of the purchase
price over the carrying value is recognized as a deduction from retained earnings. For the year ended December 31,
2022, $3.6 million common shares were repurchased at an average cost of $1.45 per share.