TORONTO, April 20, 2022 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (“FTG” or the “Corporation”) today announced the acceptance by the Toronto Stock Exchange (the “TSX”) of FTG’s Notice of Intention to Make a Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB, FTG is authorized to purchase through the facilities of the TSX, from time to time over the next 12 months, if considered advisable, up to an aggregate of 1,224,560 Common Shares, being approximately 5% of its Common Shares outstanding as of April 12, 2022. As of April 12, 2022, 24,491,201 Common Shares of the Corporation were issued and outstanding. Purchases may commence through the TSX on April 22, 2022 and will conclude on the earlier of the date on which purchases under the bid have been completed and April 21, 2023.
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