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CALGARY, Alberta, Feb. 24, 2023 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Firm”) proclaims that it has entered into an computerized share buy plan (“ASPP”) with a dealer to be able to facilitate repurchases of Pulse’s widespread shares underneath its beforehand introduced regular course issuer bid (“NCIB”).

Pulse beforehand introduced that it had acquired approval from the Toronto Inventory Change (“TSX”) to, through the 12-month interval commencing November 16, 2022 and terminating November 15, 2023, buy as much as 3,070,659 widespread shares, representing 10% of the general public float of 30,706,598 widespread shares excellent as of November 10, 2022, by the use of a NCIB on the TSX and/or via different buying and selling platforms.

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Throughout the efficient interval of its ASPP, Pulse’s dealer might buy widespread shares at instances when Pulse wouldn’t be lively out there on account of regulatory restrictions, together with insider buying and selling guidelines, and Pulse’s personal inside buying and selling blackout durations. Purchases can be made by Pulse’s dealer based mostly on parameters set by Pulse when it’s not in possession of any materials private details about the Firm or its securities, and in accordance with the bounds and different phrases of the ASPP. The ASPP has been entered into in accordance with the necessities of relevant Canadian securities legal guidelines.

CORPORATE PROFILE

Pulse is a market chief within the acquisition, advertising and marketing and licensing of 2D and 3D seismic information to the western Canadian power sector. Pulse owns the biggest licensable seismic information library in Canada, at the moment consisting of roughly 65,310 sq. kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin, the place most of Canada’s oil and pure gasoline exploration and growth happen.

For additional info, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, VP Finance and CFO

Tel.: 403-237-5559
Toll-free: 1-877-460-5559
E-mail: information@pulseseismic.com
Please go to our web site at www.pulseseismic.com

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