Stampede Drilling Inc (TSE:SDI) has released an update.
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Stampede Drilling Inc. has announced the renewal of its normal course issuer bid, allowing the company to buy back up to 10% of its public float in common shares. This strategic move aims to manage share value as the company perceives the market price may not reflect the actual underlying value. The buyback program is set to commence on June 3, 2024, with purchases being made through the TSX Venture Exchange and alternative trading platforms.
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