StorageVault Canada Inc. announces an Equity Buyback for 18,312,741 shares, representing 5% of its issued share capital.
January 25, 2021 at 10:39 am EST
StorageVault Canada Inc. (TSXV:SVI) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 18,312,741 shares, representing 5% of its issued share capital. The purpose of the program is to appropriately use the company's funds and create securityholder value. The program will be funded out of the available cash. The repurchased shares will be cancelled. The bid is valid till January 24, 2022, unless the maximum amount of shares are repurchased before or the program is terminated earlier by the company.