Bullboard - Stock Discussion Forum ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s): CETEF

Energy Oil & Gas Drilling

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in... see more

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ACT Energy Technologies Ltd > COMMENCES A NORMAL COURSE ISSUER BID T.CET

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Post by Betteryear2 on Jul 13, 2023 6:49am

COMMENCES A NORMAL COURSE ISSUER BID T.CET

CALGARY, AB, July 13, 2023 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce that it has filed a notice with the Toronto Stock Exchange ("TSX") and received approval to purchase through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems, up to 12,160,008, or 5%, of the 243,200,173 issued and outstanding Common Shares of the Company ("Common Shares") as of July 3, 2023. The price the Company will pay for any Common Shares acquired will be the market price at the time of acquisition. Purchases under the normal course issuer bid ("NCIB") will be made by the Company and the Common Shares acquired shall be cancelled. Purchases may commence on July 17, 2023, and will terminate no later than July 16, 2024. The actual number of Common Shares purchased under the NCIB, the timing of purchases and the price at which the Common Shares are purchased will depend on management discretion based on factors such as market conditions.

CATHEDRAL ENERGY SERVICES COMMENCES A NORMAL COURSE ISSUER BID (newswire.ca)

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