- Fountain Asset Corp (FA) has announced plans for a normal course issuer bid
- Between October 20, 2021 and October 19, 2022, Fountain may purchase up to 3,088,835 subordinate voting shares for cancellation
- Fountain has retained Canaccord Genuity Corp. to effect purchases on its behalf
- Fountain Asset Corp. is a merchant bank that provides equity financing, bridge loans and strategic financial consulting
- Fountain Asset Corp. (FA) is currently trading at C$0.19 per share
Fountain Asset Corp (FA) has announced plans for a normal course issuer bid through the facilities of the TSXV.
During the 12 month period between October 20, 2021, and October 19, 2022, Fountain may purchase up to 3,088,835 subordinate voting shares for cancellation, representing approximately 5 per cent of the shares currently issued and outstanding.
Fountain will pay the market price at the time of acquisition for any and all shares.
Fountain has retained Canaccord Genuity Corp. to effect purchases on its behalf.
Fountain believes that its subordinate voting shares are undervalued and that the purchase of subordinate voting shares would be a prudent use of funds.
Fountain Asset Corp. is a merchant bank that provides equity financing, bridge loans and strategic financial consulting to companies in many industries including cannabis, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology.
Fountain Asset Corp. (FA) is currently trading at C$0.19 per share.