Magellan Aerospace Corporation (“Magellan or Corporation") (TSX:MAL, Financial) announced today that the Toronto Stock Exchange (the “TSX or Exchange”) has approved its notice of intention to make a normal course issuer bid (“the Bid”) to purchase for cancellation, from time to time, as it considers advisable, up to 2,910,450 of the Corporation's issued and outstanding common shares (the "Shares"), being 5% of the 58,209,001 Shares outstanding as of May 25, 2020.
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