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Message: Re: Use of NCIB on low volume pullbacks

Dear Moi, 

You are correct. 

A NCIB is a Canadian-based stock buyback program, where a listed public company repurchases its shares to cancel them. As such, securities repurchased by the Issuer (the Company) under this NCIB must be cancelled. 

Thank you

Rodayna Kafal on behalf of Peter Pascali

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