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Advantage Announces Renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan
Advantage Announces Renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan ...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\n\n Advantage Announces Renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n (TSX: AAV)\n \n\n\n\n CALGARY, AB\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ - Advantage Energy Ltd. (\"Advantage\" or the \"Corporation\") announced today that the Corporation is proceeding with, and the Toronto Stock Exchange (the \"TSX\") has approved, the Corporation renewing its normal course issuer bid (the \"Bid\").\n \n\n Pursuant to the Bid, Advantage will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 14,415,014 common shares of the Corporation. The Bid will commence on\n \n May 14\n \n , 2025 and will terminate on\n \n May 13, 2026\n \n or such earlier time as the Bid is completed or terminated at the option of Advantage.\n \n\n The maximum number of common shares to be purchased pursuant to the Bid represents 10% of the public float, as of\n \n April 30, 2025\n \n . Purchases pursuant to the Bid will be made on the open market through the facilities of the TSX and/or Canadian alternative trading systems. The number of common shares that can be purchased pursuant to the Bid is subject to a daily maximum of 121,715 common shares (which is equal to 25% of the average daily trading volume of 486,861 common shares from\n \n November 1, 2024\n \n to\n \n April 30, 2025\n \n ), subject to certain exemptions pursuant to the rules of the TSX. The price that Advantage will pay for any common shares under the Bid will be the prevailing market price on the TSX at the time of such purchase. Common shares acquired under the Bid will be cancelled.\n \n\n Peters & Co. Limited (\"Peters & Co.\") has agreed to act on the Corporation's behalf to make purchases of common shares pursuant to the Bid.\n \n\n Advantage believes that the common shares have been trading in a price ra...