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Kolibri Global Energy Inc. Announces TSX Approval of Normal Course Issuer Bid
Kolibri Global Energy Inc. (the "Company" or "Kolibri") (TSX:KEI, NASDAQ:KGEI) announced today that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by the Company of its intention to make a normal course issuer bid (a "Bid") to purchase up to an aggregate of 1,786,798 common shares ("Shares"), being approximately 5% of the total number of 35,735,965 Shares issued and outstanding as at September 10, 2024, through the facilities of the TSX and the Nasdaq Capital Market (the "Nasdaq") or through alternative Canadian trading platforms. The actual number of Shares which may be purchased pursuant to the Bid will be determined by management of the Company.
Under the Bid, Shares may be repurchased in open market transactions on the TSX and the Nasdaq and/or other Canadian marketplaces, or by such other means as may be permitted by the TSX and the Nasdaq and applicable securities laws. The price which the Company will pay for any such Shares will be the prevailing market price at the time of purchase.
Under the Bid, Shares may be repurchased in open market transactions on the TSX and the Nasdaq and/or other Canadian marketplaces, or by such other means as may be permitted by the TSX and the Nasdaq and applicable securities laws. The price which the Company will pay for any such Shares will be the prevailing market price at the time of purchase.
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