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THOUSAND OAKS, Calif. — Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) introduced at the moment that the Toronto Stock Exchange (the “TSX”) has accepted a discover filed by the Company of its intention to make a traditional course issuer bid (a “Bid”) to buy as much as an combination of 1,768,841 frequent shares (“Shares“), being roughly 5% of the overall variety of 35,376,833 Shares issued and excellent as at September 10, 2025, by the services of the TSX and the Nasdaq Capital Market (the “Nasdaq”) or by various Canadian buying and selling platforms. The precise variety of Shares which can be bought pursuant to the Bid will probably be decided by administration of the Company.
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Under the Bid, Shares could also be repurchased in open market transactions on the TSX and the Nasdaq and/or different Canadian marketplaces, or by such different means as could also be permitted by the TSX and the Nasdaq and relevant securities legal guidelines. The worth which the Company can pay for any such Shares would be the prevailing market worth on the time of buy.
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Pursuant to TSX guidelines and insurance policies, the utmost variety of Shares that could be bought in in the future on the TSX pursuant to the Bid would be the larger of 1,000 and 25% of common day by day buying and selling quantity of the Shares on the TSX for probably the most not too long ago accomplished six calendar months, topic to sure prescribed exceptions. 25% of the typical day by day buying and selling quantity of the Shares on the TSX for the six calendar months ended August 31, 2025 is 10,626 Shares. In accordance with U.S. securities legal guidelines, the utmost variety of Shares that could be bought in in the future on the Nasdaq pursuant to the Bid is 25% of common day by day buying and selling quantity of the Shares on the Nasdaq within the 4 calendar weeks previous the date of buy, topic to sure exceptions for block purchases.
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The timing of purchases will probably be decided by administration of the Company. Decisions concerning purchases will probably be based mostly on market situations, share worth, finest use of obtainable money, and different components. All Shares will probably be bought for cancellation and the funding for any buy pursuant to the Bid will probably be financed out of the working capital of the Company. The period of the Bid will probably be one 12 months and can begin on September 23, 2025 and finish on September 22, 2026.
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The Board of Directors believes the underlying worth of the Company is probably not mirrored within the present market worth of its Shares. As a consequence, relying upon future worth actions and different components, the Board believes that the Shares might symbolize a beautiful funding to the Company and that the acquisition of the frequent shares can be an acceptable use of company funds and in the very best pursuits of the Company and its shareholders.
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Pursuant to the Company’s prior regular course issuer bid which started on September 23, 2024 and expires on September 22, 2025, the Company obtained approval from the TSX to buy as much as 1,786,798 Shares. As of September 10, 2025, the Company has bought 548,293 Shares at a weighted common worth of CAD$7.21 per Share pursuant to open market transactions by the services of TSX and within the United States by the services of Nasdaq.
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Under the phrases of the credit score facility between the Company’s working subsidiary, Kolibri Energy US Inc. (previously BNK Petroleum (US) Inc.) (“KEI US”), and the lender, KEI US might solely distribute money to the Company in sure circumstances. Accordingly, the Company will solely repurchase Shares pursuant to the Bid utilizing money which has been distributed to the Company by KEI US in compliance with the phrases of the credit score facility.
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About Kolibri Global Energy Inc.
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Kolibri Global Energy Inc. is a North American power firm centered on discovering and exploiting power initiatives in oil and gasoline. Through numerous subsidiaries, the Company owns and operates power properties within the United States. The Company continues to make the most of its technical and operational experience to establish and purchase further initiatives in oil, gasoline and clear and sustainable power. The Company’s shares are traded on the Toronto Stock Exchange below the inventory image KEI and on the Nasdaq below the inventory image KGEI.
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Caution Regarding Forward-Looking Information
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Certain statements contained on this information launch represent “forward-looking info” as such time period is utilized in relevant Canadian securities legal guidelines and “forward-looking statements” throughout the which means of United States securities legal guidelines (collectively, “ahead trying info”), together with statements concerning the phrases below which the Bid will probably be operated, together with the timing of the Bid, the quantity and worth of Shares that could be bought below the Bid, and any anticipated advantages or outcomes of the Bid. Forward-looking info relies on plans and estimates of administration and interpretations of knowledge by the Company’s technical group on the date the information is offered and is topic to a number of components and assumptions of administration, together with that the Bid will probably be undertaken on the timing and phrases anticipated. Forward-looking info is topic to quite a lot of dangers and uncertainties and different components that would trigger plans, estimates and precise outcomes to range materially from these projected in such forward-looking info. Factors that would trigger the forward-looking info on this information launch to vary or to be inaccurate embody, however should not restricted to, the chance that any of the assumptions on which such ahead trying info relies range or show to be invalid, and the opposite dangers and uncertainties relevant to exploration and improvement actions and the Company’s enterprise as set forth within the Company’s administration dialogue and evaluation and its annual info type, each of which can be found for viewing below the Company’s profile at
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, any of which might lead to delays, cessation in deliberate work or lack of a number of leases and have an opposed impact on the Company and its monetary situation. The Company undertakes no obligation to replace these forward-looking statements, apart from as required by relevant regulation.
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View supply model on businesswire.com:
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For additional info, contact:
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Wolf E. Regener +1 (805) 484-3613
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