Lithium Royalty Corp. Renews Normal Course Issuer Bid
The TSX notice provides that LRC may, during the 12-month period commencing
Purchases of Common Shares will be made in open market transactions on the TSX or through alternative trading systems. LRC may also purchase Common Shares through private agreements or share repurchase programs if it receives an issuer bid exemption order permitting it to make such purchases. Any purchases of Common Shares made by way of private agreements or under share repurchase programs may be at a discount to the prevailing market price as provided in the relevant issuer bid exemption order.
Decisions regarding the timing of future purchases of Common Shares will be based on market conditions, share price, contractual and regulatory restrictions and other factors. LRC may elect to suspend or discontinue its NCIB at any time. Common Shares purchased under the NCIB will be cancelled. LRC believes that the market price of Common Shares could be such that their purchase may be an attractive and appropriate use of corporate funds.
From time to time, when LRC does not possess material non-public information about itself or its securities, it may enter into a pre-defined plan with its broker to allow for the purchase of Common Shares at times when LRC ordinarily would not be active in the market due to its own internal trading blackout periods and insider trading rules. Any such plans entered into with LRC’s broker will be adopted in accordance with the requirements of applicable Canadian securities laws.
About
LRC is a lithium-focused royalty company organized in
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Contact Information for Inquiries:
Investor Relations
(647) 792-1100
jonida@lithiumroyaltycorp.com
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