Kenorland Minerals Ltd. (TSE:KLD) has released an update.
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Kenorland Minerals Ltd. has initiated a normal course issuer bid (NCIB) approved by the TSX Venture Exchange, planning to acquire up to 5% of its outstanding common shares for cancellation to potentially enhance shareholder value. This share buyback reflects the company’s belief that its shares are undervalued in the current market. The NCIB will start on April 8, 2024, with purchases made through regulated trading venues, funded from existing working capital.
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