Announces Plans to Repurchase Common Shares

Rhea-AI Summary

BeWhere (OTCQB:BEWFF) plans a Normal Course Issuer Bid to repurchase up to 5% of common shares. The program is expected to run from June 9, 2026 to June 8, 2027, with all repurchased shares cancelled, subject to TSX Venture Exchange regulatory approval.

AI-generated analysis. Not financial advice.

Positive

• Planned buyback of up to 5% of issued and outstanding common shares
• Maximum repurchase range of about 4.76–4.86 million shares based on share count scenarios
• All repurchased shares will be cancelled, potentially reducing share count
• Board believes market price may not fully reflect the company’s value

Negative

• Normal Course Issuer Bid remains subject to regulatory approval before it can proceed

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BeWhere Holdings Inc. (Listed on the TSX Venture Exchange - Stock Symbol "BEW")

TORONTO, ON / ACCESS Newswire / June 2, 2026 / BeWhere Holdings Inc. (the "Corporation" or "BeWhere") announces that it has filed with the TSX Venture Exchange a Notice of Intention to Make a Normal Course Issuer Bid which is proposed to commence on June 9, 2026 and terminate on June 8, 2027 or the earlier of the date all shares which are subject to the Normal Course Issuer Bid are purchased.

In the opinion of the Board of Directors of BeWhere, the market price of the Common Shares of BeWhere may not always fully reflect the value of the Corporation and, in such circumstanes, the Corporation intends to repurchase BeWhere's Common Shares that may become available for purchase at prices, which make them an appropriate use of funds of the Corporation.

BeWhere intends to attempt to acquire over the next 12-month period, a number of its Common Shares equal to 5% of its issued and outstanding Common Shares as at June 9, 2026. On May 29, 2026, the number of issued and outstanding Common Shares of BeWhere was 97,108,502, and 5% of that number is 4,855,425 Common Shares. The number of issued and outstanding Common Shares may be reduced by virtue of any shares acquired by BeWhere under its current Normal Course Issuer Bid, ending on June 8, 2026, which number of issued shares could potentially be reduced to 95,166,350 Common Shares and 5% of that number would be 4,758,317 Common Shares.

Purchases subject to the Normal Course Issuer Bid will be carried out pursuant to open market transactions through the facilities of the TSX Venture Exchange and the price which the Corporation will pay for the Common Shares acquired by it will be the market price of the Common Shares at the time of acquisition. The Member through which the Normal Course Issuer Bid will be conducted is Beacon Securities Limited, Toronto, Ontario. All Common Shares purchased by BeWhere under the Normal Course Issuer Bid will be cancelled.

The foregoing proposed Normal Course Issuer Bid is subject to regulatory approval.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Owen Moore
President and Chief Executive Officer
Telephone: (416) 990-3970
Email: info@bewhere.com

SOURCE: BeWhere Holdings Inc.

View the original press release on ACCESS Newswire

FAQ

What share buyback did BeWhere (OTCQB:BEWFF) announce on June 2, 2026?

BeWhere announced plans for a Normal Course Issuer Bid to repurchase up to 5% of its common shares. According to BeWhere, the program will run for 12 months, with all repurchased shares cancelled upon acquisition.

How many BeWhere (BEWFF) shares could be repurchased under the 2026 Normal Course Issuer Bid?

BeWhere may buy back up to 5% of its issued and outstanding shares under the bid. According to BeWhere, this equals about 4,855,425 shares, or potentially 4,758,317 shares if the existing bid further reduces the share count.

What is the timeline for BeWhere’s 2026 share repurchase program (BEWFF)?

The proposed Normal Course Issuer Bid is expected to run from June 9, 2026 to June 8, 2027. According to BeWhere, it may end earlier if the full permitted number of shares is repurchased before the scheduled termination date.

At what price will BeWhere (BEWFF) repurchase shares under the 2026 Normal Course Issuer Bid?

Shares will be repurchased at the prevailing market price at the time of acquisition through TSX Venture Exchange facilities. According to BeWhere, all purchases will occur via open market transactions executed by Beacon Securities Limited in Toronto.

What happens to BeWhere (BEWFF) shares repurchased in the 2026 Normal Course Issuer Bid?

All common shares repurchased under the program will be cancelled, permanently removing them from circulation. According to BeWhere, this cancellation will reduce the number of issued and outstanding shares relative to the level before the buyback.

Why is BeWhere (BEWFF) launching a Normal Course Issuer Bid in 2026?

BeWhere’s board believes the market price may not always fully reflect the company’s value. According to BeWhere, repurchasing shares at such times is viewed as an appropriate use of corporate funds to manage its capital structure.

Is BeWhere’s 2026 share repurchase (BEWFF) already approved by regulators?

No, the Normal Course Issuer Bid is still subject to TSX Venture Exchange regulatory approval. According to BeWhere, the program will commence only once approved and will then follow the announced one-year timeline and share limits.