Orca Energy Group Inc. Announces Commencement of Substantial Issuer Bid Up to C$40 Million
TORTOLA, British Virgin Islands, Dec. 14, 2020 Orca Energy Group Inc. (“
Orca” or the “
Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) is commencing its previously announced substantial issuer bid on December 16, 2020 pursuant to which the Company will offer to purchase for cancellation up to C$40 million of its Class B Subordinate Voting Shares (“
Class B Shares“) for cash (the “
Offer“). The Offer will expire at 5:00 p.m. (Toronto time) on January 20, 2021, unless extended, varied or withdrawn by Orca. All dollar amounts are in Canadian dollars.