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Mining & Metals
Aimia Repurchases 0.25% of Shares Under NCIB in May
Aimia (AIM.TO) has repurchased and settled for cancellation 0.25% of its common shares outstanding in May under its normal course issuer bid (NCIB) program, the diversified conglomerate said Monday.The company repurchased 224,400 of its common shares in May at a weighted average price of $2.70 per share or $606,220 in total, excluding brokerage fees.Through May 31, Aimia has repurchased and cancelled 9,835,432 common shares since it first announced its share buyback initiative on June 4, 2024.Aimia believes that the market price of its common shares may not reflect the company's value from time to time, and that repurchasing the shares pursuant may represent an appropriate and desirable use of the company's funds."Therefore, Aimia believes that it is in its best interest to proceed with this NCIB, while maintaining sufficient financial flexibility to execute on the company's future strategic direction and capital allocation priorities," the company said.
$AIM.TO
Mining & Metals
Canadian Banc Says TSX Approved Its Normal Course Issuer Bid
Canadian Banc's (BK.TO) notice of intention to make a Normal Course Issuer Bid (NCIB) to buy back its Preferred Shares and Class A Shares through the facilities of the Toronto Stock Exchange (TSX) and/or alternative Canadian trading systems, have been approved by the TSX, it said on Monday.The NCIB will start on June 3, 2026 and cancel on June 2, 2027. Pursuant to the bid, the company proposes to buy back, from time to time, up to 5.5-million Preferred Shares and 5.3-million Class A Shares of the company, about 10% of the public float of 55.2-million Preferred Shares and 53.4-million Class A Shares.Shares of the company closed down 0.5% to $14.85 on Friday on the Toronto Stock Exchange.
$BK.TO
Mining & Metals
Bragg Gaming Group Up 4% In US Premarket As Announces Private Placement With Insider Participation
Bragg Gaming Group (NASDAQ:BRAG; TSX:BRAG), an iGaming content and platform technology solutions provider, expects to issue, by way of a non-brokered private placement, up to 751,445 subscription receipts at a price of US$1.73 each for aggregate gross proceeds of up to approximately US$1.3 million, the company said Monday. The issue price of US$1.73 per subscription receipt is based on the closing price of the common shares of the company on the Nasdaq Stock Market LLC on May 29, 2026, it added.In connection the offering and insider participation, Robbie Bressler, Chief Financial Officer, intends to subscribe for up to 86,705 subscription receipts; while both Morten Tonnesen, Chief Operating Officer and Thomas Winter, a director, intend to subscribe for up to 57,803 subscription receipts each, Bragg said.Furthermore, gaming entrepreneur Matt Davey, Founder and Chairman of gaming-oriented investment fund, Tekkorp Capital, intends to subscribe for up to 115,607 subscription Receipts, it added. As previously announced, the company intends to appoint Davey as Non-Executive Chairman of its board upon completion of the transaction. Upon completion of the transaction and offering, Davey is expected to hold approximately 10% of the issued and outstanding shares on a non-diluted basis.Upon the satisfaction of the release conditions, each subscription receipt will be automatically exchanged, without any further action or payment of any additional consideration therefor, subject to adjustments, for one share and one non-transferable common share purchase warrant, Monday's statement said. Each warrant will be exercisable into one share for a period of 36 months from the closing of the transaction at an exercise price of US$2.16 per warrant share, subject to acceleration as described.The net proceeds from the offering will primarily be used for general corporate and working capital purposes.Shares in BRAG were up $0.10 or 4.3% at $2.42 in Canada last Friday.
$BRAG.TO