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Kolibri Global Energy Inc. Announces TSX Approval of Normal Course Issuer Bid
Kolibri Global Energy Inc. (the “ Company ” or “ Kolibri ”) (...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"Kolibri Global Energy Inc. Announces TSX Approval of Normal Course Issuer Bid\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n Kolibri Global Energy Inc. (the “\n \n Company\n \n ” or “\n \n Kolibri\n \n ”) (TSX: KEI, NASDAQ: KGEI) announced today that the Toronto Stock Exchange (the “\n \n TSX\n \n ”) has accepted a notice filed by the Company of its intention to make a normal course issuer bid (a “\n \n Bid\n \n ”) to purchase up to an aggregate of 1,768,841 common shares (\"\n \n Shares\n \n \"), being approximately 5% of the total number of 35,376,833 Shares issued and outstanding as at September 10, 2025, through the facilities of the TSX and the Nasdaq Capital Market (the “\n \n Nasdaq\n \n ”) or through alternative Canadian trading platforms. The actual number of Shares which may be purchased pursuant to the Bid will be determined by management of the Company.\n \n\n Under the Bid, Shares may be repurchased in open market transactions on the TSX and the Nasdaq and/or other Canadian marketplaces, or by such other means as may be permitted by the TSX and the Nasdaq and applicable securities laws. The price which the Company will pay for any such Shares will be the prevailing market price at the time of purchase.\n \n\n Pursuant to TSX rules and policies, the maximum number of Shares that may be purchased in one day on the TSX pursuant to the Bid will be the greater of 1,000 and 25% of average daily trading volume of the Shares on the TSX for the most recently completed six calendar months, subject to certain prescribed exceptions. 25% of the average daily trading volume of the Shares on the TSX for the six calendar months ended August 31, 2025 is 10,626 Shares. In accordance with U.S. securities laws, the maximum number of Shares that may be purchased in one day on the Nasdaq pursuant to the Bid is 25% of average daily trading volume of the Shares on the Nasdaq in the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.\n \n\n The timing of purchases will be determined by management of the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. All Shares wil...