Elixxer Ltd. (TSXV:ELXR) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 56,050,801 shares, representing 5% of its issued and outstanding share capital. All the repurchased shares under the bid will be cancelled. The bid is subject to regulatory approval. The bid will remain in effect until the earlier of August 8, 2022, or the date on which the company acquires the maximum number of common shares permitted under the bid, or the date upon which the company provides written notice of termination of the bid to the TSX Venture Exchange. As of July 6, 2021, the company has 1,121,016,031 common shares issued and outstanding.

On August 24, 2021, the Company announced its intention to consolidate all of its issued and outstanding common shares on the basis of one new common share (each, a “New Share”) for every 100 existing common shares (each, and “Existing Share”). The Consolidation was previously approved by the Company's shareholders at the annual and special meeting held on June 15, 2021.