Maxim Power Corp. (TSX:MXG) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,526,477 shares, representing 5% of its issued capital.

The shares repurchased will be cancelled. The bid will expire on August 30, 2024, or such earlier time as the bid is completed or terminated at the option of company. As of August 17, 2023, the company had 50,529,540 shares issued and outstanding.