Mr. Owen Moore reports
ANNOUNCES PLANS TO REPURCHASE COMMON SHARES
Bewhere Holdings Inc. has filed with the TSX Venture Exchange a notice of intention to make a normal course issuer bid, which is proposed to commence on June 9, 2026, and terminate on June 8, 2027, or the earlier of the date all shares which are subject to the normal course issuer bid are purchased.
In the opinion of the board of directors of Bewhere, the market price of the common shares of Bewhere may not always fully reflect the value of the corporation, and, in such circumstances, the corporation intends to repurchase Bewhere's common shares that may become available for purchase at prices, which make them an appropriate use of funds of the corporation.
Bewhere intends to attempt to acquire, over the next 12-month period, a number of its common shares equal to 5 per cent of its issued and outstanding common shares as at June 9, 2026. On May 29, 2026, the number of issued and outstanding common shares of Bewhere was 97,108,502, and 5 per cent of that number is 4,855,425 common shares. The number of issued and outstanding common shares may be reduced by virtue of any shares acquired by Bewhere under its current normal course issuer bid, ending on June 8, 2026, which number of issued shares could potentially be reduced to 95,166,350 common shares, and 5 per cent of that number would be 4,758,317 common shares.
Purchases subject to the normal course issuer bid will be carried out pursuant to open market transactions through the facilities of the TSX Venture Exchange, and the price which the corporation will pay for the common shares acquired by it will be the market price of the common shares at the time of acquisition. The member through which the normal course issuer bid will be conducted is Beacon Securities Ltd., Toronto, Ont. All common shares purchased by Bewhere under the normal course issuer bid will be cancelled.
The foregoing proposed normal course issuer bid is subject to regulatory approval.
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