- 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.