Source: Orca Energy Group Inc.
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  • Orca Energy Group (ORC.A, ORC.B) has announced a normal course issuer bid (NCIB)
  • Under the bid, Orca Energy may purchase up to 500,000 Class B Subordinate Voting Shares
  • The NCIB will commence on July 11 , 2022 and end on July 11, 2023
  • Orca Energy Group produces and sells natural gas to the power and industrial sectors in Tanzania
  • Class B Subordinate Voting Shares of Orca Energy Group Inc. (ORC.B) opened trading at $5.00

Orca Energy Group (ORC.A, ORC.B) has announced a normal course issuer bid (NCIB).

Under the bid, Orca Energy may purchase up to 500,000 Class B Subordinate Voting Shares, representing approximately 2.75 per cent of the company’s outstanding Class B shares as at July 4, 2022.

The NCIB will commence on July 11, 2022, and end on July 11, 2023. Holders of Class A Common Voting Shares may convert their Class A shares to Class B shares on a one-for-one basis and participate in the bid.

Purchases under the bid will be made by Research Capital Corporation on behalf of the corporation. 

Orca believes its purchase of Class B shares under the bid is in the corporation’s and its shareholders’ best interest.

Orca Energy Group produces and sells natural gas to the power and industrial sectors in Tanzania. 

Class B Subordinate Voting Shares of Orca Energy Group Inc. (ORC.B) opened trading at $5.00.

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