Halmont Properties Company Regular Course Issuer Bid

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TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Firm”) introduced at the moment that the Firm’s discover of intention filed with the Toronto Enterprise Change (“TSXV”) to buy for cancellation as much as 4,197,000 Class A standard shares representing 5% of the 83,940,000 Class A standard shares excellent as of December 7, 2022, has been authorised.

Purchases beneath the bid will likely be made by the services of the TSXV. The interval for the conventional course issuers bid will prolong from December 14, 2022 to December 13, 2023. Halmont pays the market value on the time of acquisition for any shares bought facilitated by RBC Capital Markets. The Firm believes that repurchasing shares on the prevailing market costs occasionally is a worthwhile use of funds and in the very best curiosity of the Firm and its shareholders. The precise variety of Class A shares bought, if any, and the timing of such purchases will likely be decided by Halmont, contemplating market situations, share costs, its money place, and different components.

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Shareholders might get hold of a duplicate of the discover, with out cost, by contacting Halmont.

Halmont Properties Company invests immediately in actual belongings together with industrial, forest, and residential properties.

This information launch consists of sure forward-looking statements together with administration’s evaluation of the Firm’s future plans and operations primarily based on present views and expectations. All statements aside from statements of historic details are ahead trying statements. These statements include substantial identified and unknown dangers and uncertainties, a few of that are past the Firm’s management. The Firm’s precise outcomes, efficiency or achievement might differ materially from these expressed in, or implied by, these forward-looking statements. Readers shouldn’t place undue reliance on these forward-looking statements which characterize estimates and assumptions solely as of the date on which such statements are made. The Firm undertakes no obligation to publicly revise or replace any forward-looking statements, whether or not on account of new data, future occasions or in any other case.

For extra data:
Heather M. Fitzpatrick
T: 647-448-7147

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