Lakeshore, ON, Dec. 28, 2021 /CNW/ - Reko International Group
Inc. (TSXV: REKO) announced today the approval of a normal course
issuer bid for 300,837 of its outstanding common shares.
The notice provides that Reko may, during the
12-month period commencing December 31,
2021 and ending December 30,
2022, purchase on the TSX Venture Exchange up to a total of
300,837 of its common shares, being approximately 5% of the
outstanding common shares. Matthew
Larose of National Bank Financial will be the Member acting
on behalf of Reko. The price that Reko will pay for any such
shares will be the market price at the time of acquisition.
The actual number of common shares which may be purchased and the
timing of any such purchases will be determined by
Reko. All purchased shares will be cancelled.
There are 6,016,750 common shares of Reko outstanding as of
today.
A shareholder may receive a copy of Form 5G,
Notice of Intention to Make a Normal Course Issuer Bid by
contacting the Company via e-mail at irelations@rekointl.com; or,
by writing to the Company, Attention: Investor Relations, 469
Silver Creek Industrial Drive, Lakeshore, Ontario N8N 4W2.
Reko believes that its common shares have been
trading in a price range, which does not reflect their value in
relation to Reko's business and its future business
prospects. As a result, depending upon future price movements
and other factors, Reko believes that its outstanding common shares
represent an attractive investment and a desirable use of a portion
of its available funds.
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.
About Reko International Group Inc.
Reko International Group Inc. (TSX-V:REKO) is
a diversified, technology-driven manufacturing organization located
in Southwestern Ontario, just
minutes from the U.S. border. Areas of expertise include robotic
factory automation solutions, the precision machining of large
critical parts, and plastic injection and low compression acoustic
tooling. Reko's family-oriented culture embraces past experience,
fosters innovation, and always ensures the highest standard of
quality. Reko believes in strengthening communities by advancing
manufacturing. For more information, visit, or
contact
SOURCE Reko International Group Inc.