Emx Royalty Corporation (US) (TSE:EMX) has released an update.
EMX Royalty Corporation has launched an automatic share purchase plan (ASPP) to buy back its shares, aiming to enhance shareholder value by capitalizing on market prices that may not fully reflect the company’s underlying value. The purchases, which will be funded from available cash, will be made through the broker according to the pre-set terms and within regulatory guidelines, with all acquired shares slated for cancellation. This move follows the approval by the TSX Venture Exchange for EMX to acquire up to 5 million shares within a specified twelve-month period.
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