TORONTO, May 01, 2023 (GLOBE NEWSWIRE) — Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon“, or the “Company“), a financier and developer of emission reduction, removal and related climate action projects, announced today that it has entered into an automatic share purchase plan (“ASPP“) with a broker in order to facilitate repurchases of Base Carbon’s common shares (“Common Shares“) under its previously announced normal course issuer bid (“NCIB“).
The Company previously announced that it had received approval from the NEO Exchange (“NEO“) to, during the 12-month period commencing June 17, 2022 and terminating June 16, 2023, purchase up to 8,716,601 Common Shares representing approximately 7% of the 127,663,680 Common Shares issued and outstanding as of June 15, 2022, by way of a NCIB on the NEO or through alternative trading systems or by such other means as may be permitted under applicable law.
During the effective period of Base Carbon’s ASPP, Base Carbon’s broker may purchase Common Shares at times when the Company would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by the Company’s broker based upon parameters set by the Company when it is not in possession of any material non-public information about itself and its securities, and in accordance with the terms of the ASPP. Outside of the effective period of the ASPP, Common Shares may continue to be purchased pursuant to Base Carbon’s discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.
Investor Update Call
Michael Costa, Chief Executive Officer, will host an investor call to provide a business update and to respond to investor questions. The Company will host the call via Zoom Meetings on Thursday, May 4, 2023, at 11:00 a.m. Eastern Daylight Time Zone (EDT). The Company invites current and prospective shareholders to attend this business update call and Q&A session.
DATE: Thursday, May 4, 2023
TIME: 11:00 a.m. EDT
LOCATION: Zoom Meeting. To receive the meeting link and passcode, please register here.
QUESTIONS: Please submit questions ahead of time to: investorrelations@basecarbon.com.
About Base Carbon
Base Carbon provides capital, development expertise and management operating resources to