Business
EAST SIDE GAMES GROUP ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
EAST SIDE GAMES GROUP ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID Canada NewsWire ...
About this update from East Side Games Group Inc
[{"type":"text","content":"\n\n\n\n EAST SIDE GAMES GROUP ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Dec. 2, 2024\n \n\n /CNW/ - East Side Games Group Inc. (TSX: EAGR) (OTC: EAGRF) (\"\n \n ESGG\n \n \" or the \"\n \n Company\n \n \") announces the renewal of its normal course issuer bid (the \"\n \n NCIB\n \n \").\n \n\n\n\n\n\n\n\n\n The Company's board of directors believes that the market price of the Company's common shares (the \"\n \n Shares\n \n \"), from time to time, may not reflect the inherent value of the Company, and purchases of Shares pursuant to the NCIB represent an appropriate and desirable use of the Company's funds.  Any purchases made under the NCIB will be made by the Company subject to favorable market conditions at the prevailing market price at the time of acquisition through the facilities of the Toronto Stock Exchange (the \"\n \n TSX\n \n \") and other alternative Canadian trading systems.\n \n\n The Company's board of directors has approved such renewal, and the TSX has accepted the Company's notice of intention to commence with a new NCIB for a one-year period. This enables the Company to purchase up to 4,076,819 of its Shares, representing approximately 5% of its outstanding Shares as of\n \n November 20, 2024\n \n , over the next 12 months commencing\n \n December 4, 2024\n \n , and ending\n \n December 3, 2025\n \n in accordance with the applicable policies of the TSX and securities laws.\n \n\n Under the NCIB, other than purchases made pursuant to block purchase exemptions, the Company may purchase up to 3,673 Shares on the TSX and other alternative Canadian trading systems during any trading day, which represents approximately 25% of the average daily trading volume of the Shares on the TSX for the past six calendar months, being 14,695 shares per day. The Company may cancel any Shares repurchased under the NCIB, or reserve them for awards under its equity compensation plan.\n \n\n In conjunction with the NCIB, the Company has renewed its au...