Under the terms of this normal course issuer bid, Relay may purchase up to 12 million Common Shares on the open market, effective
Relay believes that share purchases pursuant to the NCIB will contribute to the facilitation of an orderly market and be in the best interests of the Company and its shareholders. In the event that Relay believes that its common shares begin trading in a price range that does not adequately reflect their underlying value based on Relay's business prospects and strong financial position, Relay may purchase shares pursuant to the NCIB and in accordance with CSE rules, policies and guidelines. Depending on future price movements and other factors, Relay believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds.
About
Relay Medical is a technology innovation Company headquartered in
Contact:
Tel: 647-872-9982
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forwardlooking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.
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