- Pulse Seismic (PSD) has received approval from the TSX to commence a normal course issuer bid
- Pulse will purchase up to 3,097,433 common shares for cancellation
- The NCIB will run from November 2, 2021 through November 1, 2022
- Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector
- Pulse Seismic Inc. (PSD) opened trading at C$1.96 per share
Pulse Seismic (PSD) has received approval from the TSX to commence a normal course issuer bid (NCIB).
The NCIB allows Pulse to purchase up to 3,097,433 common shares through the TSX, or alternative trading platforms. All shares purchased under the normal course issuer bid will be cancelled.
The NCIB will run from November 2, 2021, through November 1, 2022. As of October 28, 2021, there were 53,793,317 common shares issued and outstanding.
The company’s purchase of shares during any trading day will not exceed 8,113 common shares.
Pulse believes that its shares may be undervalued from time to time and that share repurchases can be an attractive investment opportunity that will benefit shareholders by increasing their equity investment in the company.
As of the close of business on October 28, 2021, the Company has 53,793,317 common shares outstanding.
Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector.
Pulse Seismic Inc. (PSD) opened trading at C$1.96 per share.