Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

MBN Corporation Announces Normal Course Issuer Bid

CALGARY, Alberta, Sept. 16, 2020 (GLOBE NEWSWIRE) -- MBN Corporation announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”) for its equity shares through the facilities of the TSX.  This NCIB will commence on September 23, 2020 and will terminate on September 22, 2021.

The Fund had 4,347,498 equity shares issued and outstanding as at September 9, 2020.  The Fund may, during the 12 month period commencing September 23, 2020 purchase on the TSX up to 325,868 equity shares, being 10% of the public float and may not, in any 30 day period, purchase more than 86,949 equity shares, being 2% of the equity shares issued and outstanding.  The Fund will cancel all equity shares purchased pursuant to the bid.  As at September 9, 2020 the Fund had purchased 278,700 equity shares on the TSX at an average price of $6.34 per equity share under its previously approved normal course issuer bid.  The Fund had the ability to purchase up to 354,128 equity shares under its last NCIB. The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

MBN Corporation trades on the Toronto Stock Exchange under the symbol “MBN”.

For further information, visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Managing Director, Sales and Marketing
(416) 847-5349

September 16, 2020

This press release may contain forward-looking information, including with respect to future purchases of equity shares by the corporation.  The forward-looking information contained in this press release constitutes current expectations, as of the date of this press release, with respect to the matters covered hereby.  Investors and others should not assume that any forward-looking statement contained in this press release represents an estimate as of any date other than the date of this press release.

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).