EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, today announced that the TSX Venture Exchange (“TSXV”) has approved the company’s Normal Course Issuer Bid (“NCIB”). The NCIB will allow EverGen to purchase issued and outstanding common shares of EverGen through the facilities of the TSXV during a 12 month period, commencing on June 8, 2022, and ending on June 7, 2023, or such earlier date as EverGen may complete its purchases pursuant to the NCIB or as it may otherwise determine. According to the update, the company implemented the NCIB because it believes that, from time to time, the market price of the common shares may not fully reflect the underlying value of EverGen’s business and its future prospects. Accordingly, the company 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. No previous purchases of common shares have been completed by EverGen pursuant to an NCIB.
To view the full press release, visit https://ibn.fm/RUfth
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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