KRR Obtains TSX Approval to Renew Normal Course Issuer Bid2022-07-15 12:03:30 PM ET (MT Newswires)
12:03 PM EDT, 07/15/2022 (MT Newswires) -- Karora Resources Inc. (KRR.TO) on Friday reported approval from the Toronto Stock Exchange to renew its normal course issuer bid to buy up to not over 8.5 million of its issued and outstanding common shares.
The company may begin purchases under the bid on July 20. The bid will expire by July 19, 2023.
The company has bought back 63,000 common shares at an average price of $3.19 apiece on the TSX during the past 12 months under its previous normal course issuer bid.
Under the previous bid, about 7.3 million common shares were available for repurchase.