The Westaim Corporation announces an Equity Buyback for 11,208,044 shares.
September 23, 2021 at 11:42 am EDT
The Westaim Corporation (TSXV:WED) announces a share repurchase program. Under the program, the company will repurchase up to 11,208,044 common shares. The repurchased shares will be cancelled. The purpose of the program is to properly reflect the underlying value of shares. The repurchases will be made using the out of the working capital of the company. The program will be valid till September 30, 2022.