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Globalive Technology to Implement Normal Course Issuer Bid Share Buy-Back Program in 2020
Globalive Technology to Implement Normal Course Issuer Bid Share Buy-Back Program in 2020 ...
About this update from Live Energy Minerals Corp
[{"type":"text","content":"\n\n\n\nGlobalive Technology to Implement Normal Course Issuer Bid Share Buy-Back Program in 2020\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\nCanada NewsWire\nTORONTO, Jan. 16, 2020\n\n\n\nGlobalive Technology has submitted a notice of its intention to implement a normal course issuer bid program to the TSX Venture Exchange (the \"Exchange\"), with the aim of purchasing for cancellation up to 5% of its issued and outstanding common shares between January 22, 2020 and December 31, 2020. \n TORONTO, Jan. 16, 2020 /CNW/ - Globalive Technology Inc. (TSX-V: LIVE) (the \"Company\"), a technology company focused on developing innovative payment, billing and credit solutions for consumers and businesses, has submitted a notice of its intention to implement a normal course issuer bid program (the \"Share Buy-Back Program\") to the Exchange.  \nThe Company is proposing the Share Buy-Back Program because it believes the market price of its common shares, from time to time, may not reflect their underlying value. Expending some of the Company's available capital to purchase shares for cancellation that can be reissued at a higher share price in future financings is expected to provide a net benefit to the Company and its shareholders. \nUnder the Share Buy-Back Program, the Company intends to purchase for cancellation up to 7,002,901 common shares, which represents approximately 5.0% of its 140,058,024 currently issued and outstanding common shares.  Pursuant to Exchange rules, the Company may not purchase more than 2.0% of its then issued and outstanding common shares in any consecutive 30-day period. Purchases pursuant to the Share Buy-Back Program may commence on January 22, 2020 and will terminate on December 31, 2020 or on such earlier date as the Company may complete its purchases or otherwise terminate the bid.    \nThe Company intends to retain Canaccord Genuity Corp. as its Exchange Member and broker (the \"Broker\") to assist with the Share Buy-Back Program. Shares will be purchased over the facilities of the Exchange, or through alternative ...