EnWave Corporation announces an Equity Buyback for 10,778,194 shares, representing 9.78% of its issued share capital.

EnWave Corporation (TSXV:ENW) announces a share repurchase program. Under the course issuer bid, the company will repurchase up to 10,778,194 common shares, representing 9.78% of its outstanding shares. The shares repurchased under the bid will be cancelled.

The repurchases will enhance the overall shareholder value. The bid will be financed from the company's cash. The bid will expire on October 29, 2022 such earlier time as company completes its purchases pursuant to the bid.

As of October 14, 2021, the company has 110,205,055 common shares outstanding.