CRH Medical Receives TSX Approval for Renewal of Normal Course Issuer Bid
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
Company Research
Source: PR Newswire
VANCOUVER, Nov. 5, 2018 /PRNewswire/ - CRH Medical Corporation (the "Company") (TSX: CRH) (NYSE American: CRHM), announces that it has received approval from the Toronto Stock Exchange ("TSX") of its Notice of Intention to renew its existing Normal Course Issuer Bid (the "Bid").Pursuant to the Bid, the Company may purchase for cancellation up to 7,044,410 of its common shares ("Common Shares"), or approximately 9.74% of the Common Shares outstanding as of the date of this announcement (representing 10% of the public float). As of October 31, 2018, there were 72,323,738 Common Shares of the Company issued and outstanding, and the public float consisted of 70,444,105 Common Shares.The Bid is being adopted in addition to, and not as a substitute for, other investments in growth opportunities historically undertaken and contemplated by the Company. The Bid will be funded through the Company's internally generated cash flow from operations.The purchases will be made by the Company through
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