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VERTEX RESOURCE GROUP LTD. ANNOUNCES NORMAL COURSE ISSUER BID
VERTEX RESOURCE GROUP LTD. ANNOUNCES NORMAL COURSE ISSUER BID Canada NewsWire ...
About this update from Vertex Resource Group Ltd.
[{"type":"text","content":"\n \n \n \n VERTEX RESOURCE GROUP LTD. ANNOUNCES NORMAL COURSE ISSUER BID\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 SHERWOOD PARK, AB\n \n \n ,\n \n \n Aug. 25, 2023\n \n \n /CNW/ - (TSXV: VTX) – Vertex Resource Group Ltd. (\"\n \n Vertex\n \n \" or the \"\n \n Company\n \n \") announced today that it has received approval from the the TSX Venture Exchange (the \"\n \n Exchange\n \n \") to commence a Normal Course Issuer Bid (the \"\n \n NCIB\n \n \"). The NCIB will commence on\n \n August 30, 2023\n \n and end on\n \n August 29, 2024\n \n .\n \n \n \n \n \n \n \n \n \n Under the NCIB, Vertex may purchase for cancellation, through the facilities of Exchange, other designated exchanges and/or alternative Canadian trading systems, if in the best interest of the Company, a maximum of 5,781,045 Common Shares (the \"\n \n Shares\n \n \"), which represents approximately 5% of the Shares outstanding as at\n \n August 25, 2023\n \n . Over the course of any 30-day period, Vertex will not purchase more than 2,312,417 Shares in total, which represents 2% of the Shares issued and outstanding as at\n \n August 25, 2023\n \n .\n \n \n All purchases of the Shares are to be made through the facilities of the Exchange, other designated exchanges and/or alternative Canadian trading systems, in accordance with their rules and regulations. The price which the Company will pay for any such Shares will be the prevailing market price at the time of acquisition and all Shares will be purchased for cancellation.\n \n \n Acumen Capital Finance Partners Limited (the \"\n \n Broker\n \n \") will be handling the NCIB on behalf of the Company. The actual number of Shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by management of the Company with the exception that, the Company also entered into an automatic securities purchase plan with the Broker to allow for the repurchase of Shares at times when the Company ordinarily would not be active in the market due to its own internal ...