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BQE Water Announces Renewal of Normal Course Issuer Bid
BQE Water Announces Renewal of Normal Course Issuer Bid Canada NewsWire VANCOUVER...
About this update from Bqe Water Inc
[{"type":"text","content":"\n\n\nBQE Water Announces Renewal of Normal Course Issuer Bid\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\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Dec. 9, 2025 /CNW/ - BQE Water Inc. (TSXV: BQE) (the \"Company\"), a leader in the treatment and management of mine impacted waters, has obtained the approval of the TSX Venture Exchange (the \"TSXV\") to renew its normal course issuer bid (the \"NCIB\") for a portion of its issued and outstanding common shares (the \"Shares\") as appropriate opportunities arise from time to time.\n\n\n\n\n\n\n\nThe Board believes, from time to time, the market price of the Company's Shares does not adequately reflect the Company's intrinsic value and future prospects and that the repurchase of Company's Shares represents an attractive investment and an advantageous use of the Company's financial resources. The Company expects the repurchase of Shares will benefit shareholders by increasing their equity interest in the Company.\nPursuant to the NCIB notice filed with TSXV, the Company intends to repurchase for cancellation up to 64,908 Shares, representing approximately 5% of Shares as of December 1, 2025, over a 12-month period starting December 14, 2025 to December 13, 2026 unless the maximum amount of Shares is purchased before then or the Company provides earlier notice of termination. The NCIB is also subject to a maximum of 25,963 Shares during any 30-day period, which is equal to 2% of Shares as of December 1, 2025. As of December 1, 2025, the Company had 1,298,168 issued and outstanding Shares.\nThe Company has again engaged Raymond James Ltd. to act as its broker (the \"Broker\") for purchases under the renewed NCIB. The Shares will be purchased through the facilities of the TSXV at the prevailing market price at the time of acquisition. Payment for the Shares will be made from the Company's existing working capital. The Broker will determine the timing of these purchases in its sole discretion based on purchasing parameters set by the Company and subject to the policies of the TSXV and applicable securities laws. All Shares purchas...