Coloured Ties Capital Inc. (TSXV:TIE) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 9 million worth of its common shares. The shares will be repurchased at a price of not less than CAD 0.92 per share and not more than CAD 1 per share.

The purpose of the offer is to provide the shareholders with an opportunity to realize on all or a portion of their investment in the company. The repurchased shares will be cancelled. If shares more than CAD 9 million are properly tendered and not properly withdrawn, the company will purchase the shares on a pro rata basis except that ?odd lot?

tenders (of holders beneficially owning fewer than 100 shares) will not be subject to pro-ration. The offer is subject to approval from TSX Venture Exchange. The offer is expected to expire on August 28, 2023.

As of June 12, 2023, the company has 17,369,552 shares issued and outstanding.