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TERRAVEST ANNOUNCES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES
TERRAVEST ANNOUNCES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES Canada NewsWire ...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\n\n TERRAVEST ANNOUNCES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES\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 VEGREVILLE, AB\n \n\n ,\n \n\n Aug. 20, 2025\n \n\n /CNW/ - TerraVest Industries Inc. (\"\n \n TerraVest\n \n \" or the \"\n \n Corporation\n \n \") (TSX: TVK) announced today that it has received the approval of the Toronto Stock Exchange (the \"\n \n TSX\n \n \") to make a normal course issuer bid (the \"\n \n Bid\n \n \") for up to 1,558,516 of its issued and outstanding common shares (the \"\n \n Shares\n \n \") on the TSX.\n \n\n Purchases under the Bid may commence on\n \n August 22, 2025\n \n and will terminate on\n \n August 21, 2026\n \n or on such earlier date as the Bid is complete. Purchases of Shares will be made either through the facilities of the TSX in accordance with its rules or through alternative Canadian trading systems.\n \n\n The average daily trading volume of the Shares for the six calendar months ended\n \n July 31, 2025\n \n (\"\n \n ADTV\n \n \") was 91,713 Shares. Subject to the TSX's block purchase exception, on any trading day, purchases under the Bid will not exceed 22,928 Shares. The price that the Corporation will pay for any Shares purchased under the Bid will be the prevailing market price at the time of purchase. Any Shares purchased by the Corporation will be cancelled.\n \n\n As of\n \n August 8, 2025\n \n , there were 21,685,695 Shares issued and outstanding. The 1,558,516 Shares that may be repurchased under the Bid represent approximately 10% of the public float of Shares on\n \n August 8, 2025\n \n .\n \n\n The Board of Directors of the Corporation has authorized the Bid because it believes that it is an efficient use of the Corporation's financial resources to purchase Shares when the market price of the Shares does not fully reflect their underlying value.\n \n\n\n\n CAUTION REGARDING FORWARD-LOOKING STATEMENTS\n \n\n\n\n\n This news release contains forward-looking statements. All statements other than statements of historical fact contained in this news release...