tiprankstipranks
Trending News
More News >

Osisko Mining announces TSX approval to renew normal course issuer bid

Osisko Mining announces that the Toronto Stock Exchange has approved the Corporation’s notice of intention to make a normal course issuer bid. Under the terms of the NCIB Program, Osisko may acquire up to 36,465,404 of its common shares from time to time in accordance with the normal course issuer bid procedures of the TSX. The normal course issuer bid will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and will conform to their regulations. Purchases under the normal course issuer bid will be made by means of open market transactions or such other means as a securities regulatory authority may permit, including pre-arranged crosses, exempt offers and private agreements under an issuer bid exemption order issued by a securities regulatory authority. Repurchases under the NCIB Program may commence on January 2, 2024 and will terminate on January 1, 2025 or on such earlier date as the NCIB Program is complete. Daily purchases will be limited to 191,304 Common Shares, other than block purchase exemptions, representing 25% of the average daily trading volume of the Common Shares on the TSX for the six-month period ending November 30, 2023, being 765,219 Common Shares.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on OBNNF:

Disclaimer & DisclosureReport an Issue

1