08:17 AM EDT, 08/22/2024 (MT Newswires) -- Firan Technology Group ( FTGFF ) said overnight Wednesday that it secured TSX approval to renew its normal course issuer bid (NCIB) that expired in June.

Under the NCIB, the company can purchase up to 1,193,740 of its common shares or 5% of its common shares outstanding as of Aug. 14.

Purchases may commence on Aug. 26 and will conclude by Aug. 25, 2025.

Firan ( FTGFF ) believes that believes that the proposed purchases are in the best interests of the company and are a desirable use of corporate funds.

Firan ( FTGFF ) is an aerospace, defense electronics product and subsystem supplier to customers around the globe.