08:24 AM EDT, 05/22/2025 (MT Newswires) -- Chorus Aviation Inc. ( CHRRF ) announced Thursday the final results of its substantial issuer bid to purchase for cancellation up to $25 million of its Class A Variable Voting Shares and Class B Voting shares. A statement noted the offer expired at 5pm ET on May 20, 2025.

In total, the company said it has taken up and paid for 471,319 shares at a price of $21.00 per share for an aggregate purchase price of approximately $9.9 million, excluding fees and expenses relating to the offer. The shares purchased for cancellation under the offer represent near 1.78% of the total number of issued and outstanding Shares as of April 11, 2025, the last full trading day prior to the date the offer was publicly announced. After giving effect to the offer, 25,992,518 shares remain outstanding.

Based on the final count by TSX Trust Company, the depositary for the offer, a total of 471,319 shares were properly tendered to the offer and not withdrawn at or below the purchase price.

The company's normal course issuer bid for its shares was suspended during the period of the offer. It intends to resume the NCIB and continue purchasing shares thereunder until the expiry of the NCIB on November 13, 2025 or such earlier date on which Chorus has purchased the maximum number of shares permitted under the NCIB.

CHR was up 3.5% at $20.37 on the TSX yesterday.