renewed NCIBThe overwhelming commitment has not been to the NCIB.
Under the previous NCIB, as of May 31, 2024 , the Company's purchased 119,400 Shares through the facilities of the TSX with an average weighted price of $3.70 per Share. Although the Company was eligible to purchase up to 5,884,589 Shares, instead of purchasing the maximum permitted amount, the Company allocated funds to alternative capital opportunities to provide greater returns to shareholders. All Shares purchased under the NCIB were returned to treasury for cancellation.
I can't argue with the strategy.