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HEADWATER EXPLORATION INC. RECEIVES TORONTO STOCK EXCHANGE APPROVAL FOR RENEWAL OF NORMAL COURSE ISSUER BID
Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) is pleased to announce that the Toronto Stock Exchange ("TSX") has granted approval for Headwater to commence a normal course issuer bid (the "NCIB").
About this update from Headwater Exploration Inc.
[{"type":"text","content":"CALGARY, AB, May 11, 2026 /CNW/ - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) is pleased to announce that the Toronto Stock Exchange ("TSX") has granted approval for Headwater to commence a normal course issuer bid (the "NCIB").","length":298,"tagName":"p"},{"type":"text","content":"Under the NCIB, Headwater may purchase for cancellation up to 22,287,602 common shares (the "Shares") of Headwater, representing approximately 10% of its 237,762,877 issued and outstanding Shares as at April 30, 2026 less Shares held by directors, executive officers and principal securityholders (holders holding greater than 10% of the issued and outstanding Shares) of the Company. The total number of Shares that Headwater is permitted to purchase is subject to a daily purchase limit of 216,643 Shares, representing 25% of the average daily trading volume of 866,572 Shares on the TSX calculated for the six-month period ended April 30, 2026; however, Headwater may make one block purchase per calendar week which exceeds the daily repurchase restrictions.","length":771,"tagName":"p"},{"type":"text","content":"The NCIB is expected to commence on May 13, 2026 and will terminate on the earlier of: (i) the date on which the issuer has acquired all Shares sought pursuant to the NCIB; or (ii) to May 12, 2027 unless earlier terminated at the option of the Company, upon prior notice being given to the TSX. The Shares will be purchased on behalf of Headwater by a registered broker through the facilities of the TSX and through other alternative Canadian trading platforms at the prevailing market price at the time of such transaction.","length":524,"tagName":"p"},{"type":"text","content":"Under its current normal course issuer bid that commenced on May 6, 2025 and expired May 5, 2026, the Company sought and obtained approval from the TSX to purchase up to 19,020,755 Shares (the "Prior NCIB"). Headwater has purchased an aggregate of 1,047,100 Shares under the Prior NCIB at a weighted average price of $7.30 per Share through market purchases on the TSX and Canadian alternative trading platforms.","length":422,"tagName":"p"},{"type":"text","content":"The Company has, in connection with the NCIB, entered into an automatic share purchase plan with a broker to enable the Company to ...