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Stocks in play: BSM Technologies Inc

Baystreet.ca
Updated

Announced today that the Toronto Stock Exchange has approved the Company's notice of intention to commence a normal course issuer bid. Under the terms of the Bid, BSM may acquire up to 5,301,709 common shares of the Company from time to time in accordance with TSX procedures. This represents approximately 10% of the total public float of the Common Shares, as defined by the TSX, as of December 1, 2018. On December 14, 2018, the Company had a total of 80,861,511 Common Shares outstanding out of which a total of 27,844,417 Common Shares are held by directors and senior officers, principal security holders or held in escrow. BSM Technologies Inc shares T.GPS are trading unchanged at $0.69.