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SECURE announces closing of substantial issuer bid with total process of C$136M


Date

May 23, 2025

Office Involved

Value

136 Million CAD

On May 23rd, 2025, SECURE Waste Infrastructure Corp. (“SECURE”) successfully completed its substantial issuer bid, pursuant to which it purchased C$136 million of its outstanding common shares from shareholders. In accordance with the terms and conditions of the offer, SECURE. took up and paid for 9,382,390 common shares at a price of $14.50 per share under the offer, representing an aggregate purchase price of approximately C$136 million and 4% of SECURE’s issued and outstanding common shares before giving effect to the offer. Immediately following completion of the offer, SECURE had 221,492,148 common shares issued and outstanding.

McCarthy Tétrault advised SECURE with a team led by John Piasta that included Michael Bennett, Ashley Wilson, Rebecca Wieschkowski, Chiedza Mutize (Corporate); Brett Anderson, Matthew Kraemer, Darren Chung (Tax); Joe Palin and Jacob Che (Financial Services).

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