Normal Course Issuer Bid

A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

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Normal Course Issuer Bid

posted on Oct 30, 2020 02:35PM

Hi Peter,

It has been around 12 months since NCIB was announced with a room of up to 6,750,000 shares, as per the October 23, 2019 press release. Since then, we have been made aware of 1.2 million shares that have been bought back by the company and taken off the market. Obviously, we do not know whether there was any more buy back activity, so I would assume there is still room up to 5,550,000 shares left under the NCIB. My questions are as follows:

Since it has been around 12 months, is the NCIB program still active?
Since Pyrogenesis is quickly moving towards uplisting to TSX, would the existing NCIB be terminated?
After uplisting to TSX and if existing NCIB is either expired or will be terminated following uplist, are you considering to have a new NCIB in place under TSX approval?