Total
0
Shares
Trius Investments (TSXV:TRU.H) to reactivate on TSXV
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Brand X Lifestyle Corp.,¬†(BXXX) intends to execute a normal course issuer bid
  • Under the NCIB, the company intends to acquire and cancel up to 2,590,000 common shares
  • The normal course issuer bid will begin on May 3 and end no later than May 3, 2022
  • Brand X Lifestyle has appointed Haywood Securities Inc. to conduct the NCIB
  • Brand X is an investment issuer that actively invests in a diversified portfolio of early-stage to mid-level companies and projects
  • Brand X Lifestyle Corp. is unchanged, trading at C$0.095 per share at 2:30 pm ET

Brand X Lifestyle Corp., (BXXX) intends to execute a normal course issuer bid (NCIB) through the facilities of the Canadian Securities Exchange.

Under the NCIB, the company intends to acquire up to 2,590,000 common shares representing approximately 5 per cent of its issued and outstanding common shares. As of April 30, 2021, the company had 51,957,878 common shares issued and outstanding. 

The normal course issuer bid will commence on May 3, 2021 and end no later than May 3, 2022. The company may terminate the NCIB earlier if it feels it is appropriate to do so.

Brand X Lifestyle has appointed Haywood Securities Inc. to conduct the NCIB. The purchase and payment of the shares will be made in accordance with all requirements of the CSE and applicable securities laws.

Shares purchased during the bid will be purchased at the market price All shares purchased will be cancelled.

The company believes that the current market price of its common shares may not fully reflect the underlying value of the company's business and future prospects.

Brand X is an investment issuer that actively invests in a diversified portfolio of early-stage to mid-level companies and projects.

Brand X Lifestyle Corp. is unchanged, trading at C$0.095 per share at 2:30 pm ET.

More From The Market Herald
Small Pharma - CEO, Peter Rands (third from left) and the Small Pharma team. - The Market Herald Canada

" Negev Capital doubles down on Small Pharma (TSXV:DMT)

Negev Capital, a psychedelic medical intervention fund, has doubled its investment in Small Pharma (DMT).
Lynx Global - Chief Product Officer John Schaub - The Market Herald Canada

" Lynx Global (CSE:LYNX) expands leadership team with the appointment of Chief Product Officer

Lynx Global Digital Finance Corporation (LYNX) has appointed John Schaub as its Chief Product Officer.
Fairfax Financial - Chairman, Prem Watsa. - The Market Herald Canada

" Fairfax India (TSX:FIH.U) to take controlling interest in Maxop Engineering

Fairfax India (FIH.U) has announced up to a US$66 million investment in Maxop Engineering.
Timbercreek Financial (TSXV:TF) recognized for best-in-class gender diversity

" The Becker Milk Company (TSX:BEK.B) announces quarterly financial results and regular dividend

The Becker Milk Company Ltd. (BEK.B) reported $728,422 in total revenue for the first quarter of fiscal year 2022.