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Namaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at GritCAMP cannabis & crypto conference July 25th-27th
Namaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,30...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at GritCAMP cannabis & crypto conference July 25th-27th\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\nNamaste receives approval of Normal Course Issuer Bid to repurchase and cancel up to 25,308,136 shares and announces attendance at GritCAMP cannabis & crypto conference July 25th-27th\nCanada NewsWire\nVANCOUVER, July 16, 2018\n\n\n\nVANCOUVER, July 16, 2018 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has received approval from the TSX Venture Exchange (the \"Exchange\") for a Normal Course Issuer Bid (\"NCIB\") to repurchase for cancellation up to  25,308,136 common shares of its own capital through the facilities of the Exchange. The NCIB will be in place for a 12-month duration, commencing on July 18th, 2018 and ending July 17th, 2019. Additionally, Namaste is also pleased to announce that the Company will attend and present at Grit Capital Advisory's upcoming July 25-27th 2018 conference, GritCAMP.\n\n\n \n \n\n \nPursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation's common shares (\"Common Shares\") at the time of purchase, up to 25,308,136 Common Shares, representing approximately 8.9% of the Company's issued and outstanding common shares and 10% of the Company's \"public float\" (as such term is defined in the TSX-V Corporation Finance Manual).\n\nThe NCIB will be conducted on behalf of the Company by Canaccord Genuity Inc. (\"Cannacord\"). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange.\n\nThe Corporation will enter into a pre-defined plan with Cannacord to allow for the purchase of Common Shares by the Corporati...