Liberty Defense Commences Normal Course Issuer Bid to Buy
From GlobeNewswire: 2025-06-02 08:01:00
Liberty Defense Holdings Ltd. announces a normal course issuer bid to purchase up to 5,142,844 of its common shares on the TSX Venture Exchange starting June 5, 2025. The bid aims to buy back 10% of the company’s “public float” to enhance shareholder value. The purchases will be made on the open market and all acquired shares will be cancelled. The company’s board believes that the current market price does not fully reflect the company’s value, making share repurchase a wise investment.
Liberty Defense provides AI-based detection solutions for concealed weapons and threats, including the HEXWAVE product for high volume security areas. The company has engaged Research Capital Corporation to facilitate share purchases under the bid. The securities involved in the bid are not registered under U.S. securities laws and cannot be offered or sold in the United States without proper registration or exemption. CEO Bill Frain leads the company in its mission to provide superior security solutions for communities.
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