Imperial Ginseng Products Ltd. Announces Renewal of Normal Course Issuer Bid
21 Septembre 2018 - 7:26PM
Imperial Ginseng Products Ltd. (TSXV: IGP) (the “Company”) is
pleased to announce that the TSX Venture Exchange (“TSXV”) has
approved the renewal of the Company’s normal course issuer bid
(“NCIB”). Under the renewed NCIB, the Company will be
entitled to repurchase for cancellation up to 363,000 common shares
of the Company, representing approximately 5% of the 7,269,047
common shares as of September 20, 2018. Purchases will be
made at the prevailing market prices over a twelve-month period
starting on October 1, 2018 and ending on September 30, 2019, and
will be effected through the facilities of the TSXV and on other
alternative trading systems in Canada.
As at September 20, 2018, the Company has
repurchased 24,800 common shares under the current NCIB that
expires on September 30, 2018.
About Imperial Ginseng Products
Ltd.
The Company is an agricultural company that
seeks to provide investors returns through the cultivation and
processing of North American ginseng in Ontario and the marketing
of its roots primarily to Asia.
ON BEHALF OF THE BOARD
OF DIRECTORS
“Stephen McCoach”Chief
Executive Officer and Director
For additional information, please contact
Stephen McCoach at:Imperial Ginseng Products Ltd.Suite 3030, 650
West Georgia Street, Vancouver, BC V6B 4N7Tel:
(604) 689-8863Email: info@imperialginseng.com
Forward Looking Statements
Certain statements in this press release may
constitute “forward-looking” statements, including statements with
respect to future purchases of common shares by the Company. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward looking statements. These
forward-looking statements are made as of the date of this press
release, and the Company assumes no obligations to update or revise
them to reflect new events or circumstances.
Neither the 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.
Imperial Ginseng Products (TSXV:IGP)
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