TORONTO, Jan. 23, 2023 /CNW/ - Chesswood Group Limited ("Chesswood") (TSX: CHW) announced today that the Toronto Stock Exchange (the "TSX") has accepted its notice of intention to conduct a normal course issuer bid (the "NCIB") to enable it to purchase up to 1,033,781 of its 17,802,179  common shares ("Common Shares") outstanding, representing approximately 10 per cent of Chesswood's public float of 10,337,818 Common Shares as of January 13, 2023.  The average daily trading volume of Chesswood for the past six months was 5,272, and a maximum of 1,318 Common Shares (being approximately 25% of the average daily trading volume during the preceding six months) may be purchased by Chesswood on any one day under the NCIB, except where purchases are made in accordance with "block purchases" exemptions under applicable TSX policies.