Maxim Power Corp. announces an Equity Buyback for 2,400,000 shares, representing 4.81% of its issued share capital.
August 20, 2021 at 07:25 pm EDT
Maxim Power Corp. (TSX:MXG) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,400,000 shares, representing 4.81% of its issued capital. The shares repurchased will be cancelled. The bid will expire on August 24, 2022 or such earlier time as the bid is completed or terminated at the option of company. As of August 20, 2021, the company had 49,890,893 shares issued and outstanding.