01:41 PM EDT, 04/03/2024 (MT Newswires) -- Kenorland Minerals (KLD.V) said Wednesday it secured approval from the TSX Venture Exchange to implement a normal course issuer bid.
The bid will begin on April 8, 2024, and terminate on the earliest of April 7, 2025, the date on which the maximum number of shares that can be bought under the NCIB have been purchased, or such earlier date on which the company provides notice of termination of the NCIB.
Under the bid, Kenorland may buy nearly 3.2 million common shares, about 5% of the shares outstanding as at Feb. 14.
Over any 30 days, Kenorland will not buy more than 1.3 million shares in total, which represents 2% of the shares issued and outstanding as of March 15.
The company's shares were last seen unchanged at C$0.77 on the TSX Venture Exchange.