EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, today announced that it has filed with the TSX Venture Exchange (“TSXV”) a Notice of Intention to Make a Normal Course Issuer Bid (“NCIB”). The NCIB, implementation of which is subject to the approval of the TSXV, will allow the company to purchase issued and outstanding common shares of EverGen through the facilities of the TSXV during a 12 month period. The period is expected to commence on May 23, 2022, and end on May 23, 2023, or such earlier date as EverGen may complete its purchases pursuant to the NCIB or as it may otherwise determine. EverGen plans to implement the NCIB due to its belief that, from time to time, the market price of the common shares may not fully reflect the underlying value of the company’s business and future prospects. Accordingly, EverGen believes that having the ability to purchase the common shares using cash flow will be in the interest of the company and represents an opportunity to enhance shareholder value.
To view the full press release, visit https://ibn.fm/i8qTP
About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future, headquartered on the West Coast. EverGen is an established independent renewable energy producer, which acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen and its products, visit www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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