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Mainstreet Equity gets approval for normal course issuer bid

Mainstreet Equity Corp. received approval from the Toronto Stock Exchange for a normal course issuer bid to acquire outstanding common shares in the open market.

The company is authorized to purchase up to 478,664 shares under the normal course issuer bid, reflecting roughly 10% of its public float of issued and outstanding shares as of May 21.

The company intends to commence the normal course issuer bid June 1 and terminate it May 31, 2019, unless it is completed or terminated earlier.