- Titanium Transportation Group (TTNM) has received TSXV approval for a normal course issuer bid
- Between September 13, 2022 and September 12, 2023, the company may purchase up to 2,242,765 common shares for cancellation, representing 5 per cent of the company’s issued and outstanding common shares
- Any purchases regarding the bid will be financed from Titanium’s working capital
- Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States
- Titanium Transportation Group Inc. opened trading at $2.56 per share
Titanium Transportation Group (TTNM) has announced its intention to make a normal course issuer bid.
Between September 13, 2022 and September 12, 2023, the company may purchase up to 2,242,765 common shares for cancellation, representing 5 per cent of the company’s issued and outstanding common shares.
As of the close of business on September 1, 2022, the company had 44,855,302 common shares issued and outstanding.
Purchases concerning the bid will be made by Haywood Securities Inc. on behalf of the company.
Decisions regarding the timing of purchases under the bid will be determined by management based on market conditions, share price and other factors.
Management may elect to not purchase any common shares under the bid, or may elect to suspend or discontinue the bid at any time.
Any purchases regarding the bid will be financed from Titanium’s working capital.
Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States, with approximately 800 power units, 3,000 trailers and 1,100 employees and independent owner operators.
Titanium Transportation Group Inc. opened trading at $2.56 per share.