Buxom here's another thing to keep in mind when looking at any trades wrt NCIB. There are some interesting items in this link
NCIBs
http://tmx.complinet.com/en/display/display.html?rbid=2072&element_id=566"
"Section 629(l)(1) of the Manual prohibits listed issuers making an NICB from purchasing its securities at a price higher than the last independent trade of a board lot (the “uptick prohibition”) in order to prevent it from "abnormally influenc[ing] the market price of its security." The TSX, however, has recognized the difficulty in complying with this prohibition and states in the notice that it will not consider trades to be a violation of the uptick prohibition where:
- the independent trade occured no more than one second before the NCIB purchase that created the uptick;
- the independent trade is a down tick to the previous trade and the NCIB purchase would not have created an uptick to the trade prior to the last independent trade; and
- the price difference between the independent trade and the NCIB purchase was not more than $0.02.
Issuers will be expected to provide evidence that the above conditions were met where trades appear to violate the prohibition."
"8. Purchases at the Opening and Closing—A listed issuer shall not make any purchases of its securities pursuant to a normal course issuer bid at the opening of a trading session, or during the 30 minutes before the scheduled close of a trading session. However, notwithstanding Subsection 629(l)(1), purchases of securities pursuant to a normal course issuer bid may be effected through the market on close facility. "
