SOL Global Announces Update to Normal Course Issuer Bid for Purchase of 5% of Company’s Common Shares

Issued and outstanding shares now reduced to 54,109,614

July 06, 2020 09:13 AM Eastern Daylight Time
TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL)
(OTCQB: SOLCF) (Frankfurt: 9SB) is pleased to announce that it has purchased an aggregate of 142,500 common
shares in the capital of the Company (“Common Shares”) during the current purchase cycle pursuant to the
Company’s previously announced normal course issuer bid (“NCIB”), which commenced on November 1, 2019. A
maximum of 2,731,462 Common Shares may be purchased pursuant to the NCIB, representing approximately 5%
of the issued and outstanding Common Shares as at the time of the commencement of the NCIB. To date, an
aggregate of 993,500 Common Shares have been purchased by the Company under the NCIB through the
facilities of the Canadian Securities Exchange at an average purchase price of $0.5775 per share.
There are 54,109,614 Common Shares issued and outstanding as of the current date. An additional 1,737,962
additional Common Shares may be purchased by the Company under the NCIB. The Company intends to
repurchase the full 5% and will be updating the market on the progress of its NCIB on a monthly basis. The NCIB
is expected to terminate on November 1, 2020, or such earlier date at the discretion of the Company or upon the
completion of the purchase of the maximum number of Common Shares under the NCIB.
All Common Shares purchased under the NCIB are being purchased on the open market through the facilities of
the Canadian Securities Exchange (the “CSE”). All purchases made under the NCIB will be at the prevailing trading
price for the Common Shares at the time of purchase. Common Shares acquired by the Company under the NCIB
are being purchased for cancellation.