07:42 AM EDT, 03/20/2024 (MT Newswires) -- Global Education Communities Corp. ( GECSF ) said Wednesday that it has secured approval from the Toronto Stock Exchange to launch a normal course issuer bid to buy up to 1 million of its common shares, representing about 1.48% of the about 67.4 million common shares.

The shares were issued and outstanding as at the close of business on March 11 to a maximum aggregate acquisition cost of about $1 million.

The company may buy back common shares anytime during the 12 months starting on March 22, 2024, and ending on March 21, 2025, or when completed or terminated.