Nickel 28 Initiates Share Buyback to Enhance Value

Nickel 28 Capital Corp (TSE:NKL) has released an update.

Nickel 28 Capital Corp. has announced the approval of its Normal Course Issuer Bid (NCIB) by the TSX Venture Exchange, allowing the company to buy back and cancel up to 7.9% of its common shares within a year. This move, guided by the belief that the current share prices do not reflect the company’s true value, is part of a new strategy to enhance shareholder value. The buyback program will be conducted in the open market and managed by Haywood Securities Inc.

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