Directors, executive officers and affiliates of Tucows are eligible to participate in the offer, and Rawleigh Ralls, a director of Tucows, has advised Tucows that Lacuna LLC, a company of which he is a founding partner, intends to, as part of a rebalancing of its portfolio, tender all or substantially all of its 8.3 million shares in the offer.The tender will be funded through a combination of available cash and the demand loan revolving credit facility Tucows currently has with the Bank of Montreal ("BMO"). All shares purchased by Tucows in the tender offer will be cancelled.
Tucows Announces Commencement Of Dutch Auction Tender Offer To Repurchase Up To 6.5 Million Common Shares
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