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Slideshow Stock Buybacks

By The Online Investor Staff, updated Sat., Feb. 25, 4:11 AM

Slide #9. 5N Plus Inc.

Company: 5N Plus Inc. (TSE:VNP.CA)
Share Amount Authorized: 2,100,000
Buyback Details: 5N Plus Inc. (TSX: VNP) ("5N Plus" or the "Company"), the leading producer of specialty metal and chemical products, today announced that the Toronto Stock Exchange ("TSX") has approved an amendment to its normal course issuer bid ("NCIB") implemented on October 11, 2016 (see Company's news release of October 5, 2016). Under the NCIB, 5N Plus now has the right to purchase for cancellation, from October 11, 2016 to October 10, 2017, a maximum of 2,100,000 (previously 600,000) common shares, representing 4.73% of the 44,416,731 shares forming 5N Plus' public float as at October 3, 2016. As of October 3, 2016, 5N Plus had 83,979,657 common shares issued and outstanding. During the NCIB period, subject to TSX and other regulatory authorities' approval, the Company may consider purchasing for cancellation more than 2,100,000 common shares up to a maximum of 4,441,673 common shares, representing 10% of the Company's public float. From the start of the implementation of the NCIB on October 11, 2016 until today, the Company has purchased for cancellation a total of 445,168 common shares.

5N Plus is a producer and recycler of high purity metals and compounds for electronic applications including solar modules and medical devices. Co.'s products include metals such as tellurium, cadmium, germanium, indium, antimony, selenium and related compounds such as cadmium telluride, cadmium sulphide and indium antimonide; used in electronic applications, for solar (thin-film photovoltaic) market, radiation detector and infrared markets. Co.'s customers are located for the most part in Canada, the United States, Europe, Israel and Asia.
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Company Name:  5N Plus Inc
Website:  www.5nplus.com
Sector:  Non-Precious Metals & Non-Metallic Mining
 

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February 25, 2017    4:11 AM Eastern
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