VEGREVILLE, AB, July 18, 2022 /CNW/ - TerraVest Industries Inc.
("TerraVest" or the "Corporation") (TSX: TVK)
announced today that, in connection with its previously announced
normal course issuer bid (the "Share Bid") for up to 947,259 of its
issued and outstanding common shares ("Shares") on the
Toronto Stock Exchange ("TSX"), TerraVest has entered into
an automatic share purchase plan with its designated broker to
allow for purchases of Shares (the "Share Purchase
Plan").
The Share Purchase Plan will commence on July 20, 2022 and end on, or before, March 16, 2023. Purchases under the Share
Purchase Plan will be determined by TerraVest's broker in its sole
discretion, without consultation with TerraVest, subject to the
limitation of the Share Purchase Plan and the rules of the TSX. The
Share Purchase Plan is considered an "automatic plan" for purposes
of applicable Canadian securities laws and has been reviewed by the
TSX.
The Share Purchase Plan was established to provide standard
instructions regarding how the Shares are to be purchased under the
Share Bid. Accordingly, TerraVest may purchase Shares in accordance
with the Share Purchase Plan on any trading day during the Share
Bid, including during self-imposed trading blackout periods.
TerraVest may otherwise vary, suspend or terminate the Share
Purchase Plan only if it does not have material non-public
information, the decision to vary, suspend or terminate the Share
Purchase Plan is not taken during a self-imposed trading blackout
period and any variation, suspension or termination is made in
accordance with the terms of the Share Purchase Plan.
SOURCE TerraVest Industries Inc.