Westshore Terminals Investment Corporation Announces Normal Course Issuer Bid

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[{"type":"text","content":"\n \n \n \n Westshore Terminals Investment Corporation 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 VANCOUVER, BC\n \n ,\n \n April 8, 2021\n \n /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) (the \"\n \n Corporation\n \n \") today announced that it has received acceptance from the Toronto Stock Exchange (the \"\n \n Exchange\n \n \") to make a normal course issuer bid (the \"\n \n Bid\n \n \") to purchase for cancellation, from time to time, as it considers advisable, up to 3,162,891 of the Corporation's issued and outstanding common shares (the \"\n \n Common Shares\n \n \"), being 5% of the 63,257,835 Common Shares outstanding as of April 7, 2021.\n \n \n Purchases pursuant to the Bid will be made from time to time by Scotia Capital Inc. on behalf of the Corporation by open market transactions through the facilities of the Exchange and/or through alternate trading systems in\n \n Canada\n \n upon which the Common Shares are traded (collectively, \"\n \n ATSs\n \n \"). The price that the Corporation will pay for any Common Shares purchased under the Bid will be the prevailing market price of such Common Shares at the time of such purchase.  Under applicable rules, the Corporation may purchase up to 55,358 Common Shares in any one trading day, being 25% of the average trading volume of the Common Shares on the Toronto Stock Exchange over the past six months (the \"\n \n ADTV\n \n \"), and may purchase once per calendar week in a block trade a greater number of Common Shares.\n \n \n The Bid will commence on\n \n April 13, 2021\n \n and will terminate on the earlier of\n \n April 12, 2022\n \n or the date on which the Corporation has acquired all of the Common Shares sought pursuant to the Bid, unless terminated earlier by the Corporation. Common Shares purchased by the Corporation under the Bid will be cancelled. Under its current normal course issuer bid (which expires on\n \n April 12, 2021\n \n ), the Corporation has purchased 1,639,594&#xA0...

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