Eagle Royalties Ltd. (TSE:ER) has released an update.
Eagle Royalties Ltd. has announced a plan to buy back up to 2.85 million of its common shares, which is roughly 5.96% of its current public float, in an effort to correct market undervaluations and benefit its remaining shareholders. The buy-back program will be executed on the open market through the CSE and alternative markets within a year, starting on September 19, 2024. The company’s decision reflects its belief that the shares are sometimes undervalued by the market, and repurchasing them would be beneficial for the shareholder value.
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