Titan Logix Corp. Announces Normal Course Issuer Bid
Titan Logix Corp. (TSXV: TLA) has announced the TSX Venture Exchange's acceptance of its Normal Course Issuer Bid (NCIB) program. Under this initiative, the company can purchase and cancel up to 1,759,649 common shares, representing 10% of its public float, between April 17, 2025, and April 16, 2026.
The company has implemented an Automatic Share Purchase Plan (ASPP) with Raymond James to facilitate the NCIB, allowing share purchases even during blackout periods. All purchases will be made through TSXV or other recognized Canadian marketplaces in compliance with TSXV Policy 5.6 and applicable securities laws.
The Board of Directors believes the current market price undervalues the company's business potential, viewing the NCIB as an appropriate use of financial resources while maintaining strategic flexibility.
Titan Logix Corp. (TSXV: TLA) ha annunciato l'accettazione da parte della TSX Venture Exchange del suo programma di Normal Course Issuer Bid (NCIB). Nell'ambito di questa iniziativa, la società può acquistare e annullare fino a 1.759.649 azioni ordinarie, pari al 10% del flottante pubblico, nel periodo compreso tra il 17 aprile 2025 e il 16 aprile 2026.
La società ha attivato un Automatic Share Purchase Plan (ASPP) con Raymond James per facilitare l’NCIB, consentendo l’acquisto di azioni anche durante i periodi di blackout. Tutti gli acquisti saranno effettuati tramite TSXV o altri mercati canadesi riconosciuti, in conformità con la Policy 5.6 della TSXV e le leggi sui titoli applicabili.
Il Consiglio di Amministrazione ritiene che l’attuale prezzo di mercato sottovaluti il potenziale aziendale, considerando l’NCIB un uso appropriato delle risorse finanziarie, mantenendo al contempo la flessibilità strategica.
Titan Logix Corp. (TSXV: TLA) ha anunciado la aceptación por parte de la TSX Venture Exchange de su programa de Normal Course Issuer Bid (NCIB). Bajo esta iniciativa, la compañía puede comprar y cancelar hasta 1.759.649 acciones ordinarias, que representan el 10% de su flotante público, entre el 17 de abril de 2025 y el 16 de abril de 2026.
La empresa ha implementado un Plan Automático de Compra de Acciones (ASPP) con Raymond James para facilitar el NCIB, permitiendo la compra de acciones incluso durante los periodos de blackout. Todas las compras se realizarán a través de TSXV u otros mercados canadienses reconocidos, cumpliendo con la Política 5.6 de TSXV y las leyes de valores aplicables.
La Junta Directiva considera que el precio actual de mercado subestima el potencial del negocio de la compañía, viendo el NCIB como un uso adecuado de los recursos financieros, manteniendo al mismo tiempo la flexibilidad estratégica.
Titan Logix Corp. (TSXV: TLA)가 TSX 벤처 거래소로부터 정상 거래 발행자 매입 프로그램(NCIB) 승인을 받았다고 발표했습니다. 이 프로그램에 따라 회사는 2025년 4월 17일부터 2026년 4월 16일까지 1,759,649주의 보통주를 매입 및 소각할 수 있으며, 이는 공개 유통 주식의 10%에 해당합니다.
회사는 Raymond James와 함께 자동 주식 매입 계획(ASPP)을 도입하여 NCIB를 원활히 진행하며, 블랙아웃 기간에도 주식을 매입할 수 있도록 했습니다. 모든 매입은 TSXV 또는 기타 인정된 캐나다 시장을 통해 이루어지며, TSXV 정책 5.6 및 해당 증권법을 준수합니다.
이사회는 현재 시장 가격이 회사의 사업 잠재력을 저평가하고 있다고 판단하며, NCIB가 재무 자원의 적절한 활용이자 전략적 유연성을 유지하는 방안이라고 보고 있습니다.
Titan Logix Corp. (TSXV : TLA) a annoncé l’acceptation par la TSX Venture Exchange de son programme de Normal Course Issuer Bid (NCIB). Dans le cadre de cette initiative, la société peut racheter et annuler jusqu’à 1 759 649 actions ordinaires, représentant 10 % de son flottant public, entre le 17 avril 2025 et le 16 avril 2026.
La société a mis en place un Plan Automatique d’Achat d’Actions (ASPP) avec Raymond James pour faciliter le NCIB, permettant des achats d’actions même pendant les périodes d’interdiction de négociation. Tous les achats seront effectués via la TSXV ou d’autres marchés canadiens reconnus, conformément à la politique 5.6 de la TSXV et aux lois sur les valeurs mobilières applicables.
Le conseil d’administration estime que le cours actuel du marché sous-évalue le potentiel commercial de l’entreprise et considère le NCIB comme une utilisation appropriée des ressources financières tout en maintenant une flexibilité stratégique.
Titan Logix Corp. (TSXV: TLA) hat die Annahme seines Normal Course Issuer Bid (NCIB)-Programms durch die TSX Venture Exchange bekanntgegeben. Im Rahmen dieser Initiative kann das Unternehmen zwischen dem 17. April 2025 und dem 16. April 2026 bis zu 1.759.649 Stammaktien zurückkaufen und annullieren, was 10 % des öffentlichen Streubesitzes entspricht.
Das Unternehmen hat mit Raymond James einen Automatischen Aktienrückkaufplan (ASPP) eingeführt, um den NCIB zu erleichtern und Aktienkäufe auch während Sperrfristen zu ermöglichen. Alle Käufe erfolgen über die TSXV oder andere anerkannte kanadische Handelsplätze in Übereinstimmung mit der TSXV-Richtlinie 5.6 und den geltenden Wertpapiergesetzen.
Der Vorstand ist der Ansicht, dass der aktuelle Marktpreis das Geschäftspotenzial des Unternehmens unterschätzt und sieht im NCIB eine angemessene Verwendung finanzieller Mittel bei gleichzeitiger Wahrung der strategischen Flexibilität.
- Board's confidence in company's value demonstrated through share buyback program
- Implementation of ASPP provides flexibility for continuous share repurchases
- Company has financial resources available for share buybacks
- Current market price potentially undervalues company according to Board assessment
- 10% of public float to be removed from market, potentially reducing trading liquidity
Edmonton, Alberta--(Newsfile Corp. - April 14, 2025) - Titan Logix Corp. (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted the Company's notice of intention to implement a Normal Course Issuer Bid ("NCIB").
Under the NCIB, the Company may purchase for cancellation up to 1,759,649 common shares representing approximately
All purchases under the NCIB will be made through the facilities of the TSXV or other recognized Canadian marketplaces in accordance with TSXV Policy 5.6 and the terms of the ASPP, including applicable pricing limits under the ASPP. Any common shares purchased under the NCIB will be cancelled. The Company has not purchased any of the securities that are the subject of this NCIB. The ASPP allows for purchases of shares under the NCIB at times when the Company may otherwise be restricted from buying shares due to insider trading rules or corporate blackout periods. As of April 17, 2025, the implementation date of the ASPP, the Company is not in possession of any undisclosed material information and not in a blackout period. Under the ASPP, the common shares will be repurchased over a 12-month period commencing on April 17, 2025, and ending on April 16, 2026, unless terminated earlier in accordance with the ASPP.
The ASPP permits the Company to terminate the agreement at its sole discretion, provided it is not in possession of any undisclosed material information and not in a blackout period, by providing its broker with twenty (20) days' written notice. Promptly following such notice, the Company shall issue a press release confirming the termination and stating that it was not in possession of any undisclosed material information at the time of termination. The ASPP will automatically terminate when the maximum amount of shares are purchased or if the Company makes a public announcement regarding a public offering, an intention to undertake a change in control transaction, the Company's intention to effect a sale from a control block or control distribution, a take-over bid or form of business combination of which securities would be exchanged for or converted into cash, securities or other property.
The Board of Directors believes that the current market price of the Company's shares does not fully reflect the underlying value of the Company's business and prospects. As such, the NCIB represents an appropriate use of the Company's financial resources and demonstrates the Board's confidence in Titan's long-term strategy and growth potential.
The Company remains committed to executing its strategic plan while maintaining financial flexibility. The Board will continue to assess market conditions and other relevant factors to determine the appropriate actions in the best interests of the Company and its shareholders.
About Titan Logix Corp.:
For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.
Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information in this press release that is not current or historical factual information may constitute forward looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the Company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2022 which is available at www.sedar.com. In addition, the occurrence of pandemics, such as the outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
Contact Information:
Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
www.titanlogix.com
TSX Venture, TLA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248442
FAQ
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What happens to TPCFF shares purchased under the NCIB program?
Why did Titan Logix (TPCFF) implement the 2025 share buyback program?
