REGINA, Dec. 11, 2017 /CNW/
- Input Capital Corp. ("Input") (TSX Venture: INP) (US: INPCF)
announced today the TSV Venture Exchange has accepted Input's
application for a normal course issuer bid (the "Bid") for up to
6,578,683 of its common shares (the "Shares"), representing
approximately 10% of Input's public float.
As previously announced on December 6,
2017, the Bid will commence on December 14, 2017 and continue until the earlier
of December 13, 2018 and the
date by which Input has acquired the maximum Shares which may be
purchased under the Bid. The Bid will be made through the
facilities of the TSX Venture Exchange, or such other "designated
exchange" as that term is defined by applicable Canadian securities
laws, and the purchase and payment for the Shares will be made in
accordance with TSX Venture Exchange requirements, or such other
designated exchange, at the market price of the Shares at the time
of acquisition. All Shares purchased by Input under the Bid
will be cancelled.
Input has appointed GMP Securities L.P. as its broker to conduct
the Bid transactions.
Management of Input believes that the Shares have been trading
in a price range which does not adequately reflect their value and
that the purchase of the Shares under the Bid will enhance
shareholder value in general.
About Input
Input is an agriculture commodity streaming company with a focus
on canola, the largest and most profitable crop in Canadian
agriculture. Input enters into multi-year canola streaming
contracts with canola farmers in western Canada. Pursuant to
the streaming contract, Input purchases a fixed volume of canola
annually for the duration of the term of the contract. Input
is a non-operating farming company with a diversified portfolio of
canola streams, all of which produce canola and revenue for Input
within a year of being signed. Input plans to grow and diversify
its low cost canola production profile through entering into
additional canola streaming contracts with farmers across western
Canada. Input is focused on
farmers with quality production profiles, excellent upside yield
potential, and strong management teams.
Further information can be found in the disclosure documents
filed by Input with the securities regulatory authorities,
available at www.sedar.com and on Input's website at
www.inputcapital.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
SOURCE Input Capital Corp.