Kenorland Minerals Launches Share Buyback Program
Company Announcements

Kenorland Minerals Launches Share Buyback Program

Kenorland Minerals Ltd. (TSE:KLD) has released an update.

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.

For further insights into TSE:KLD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskKenorland Minerals Secures Shareholder Continuity
TipRanks Canadian Auto-Generated NewsdeskKenorland Partners Exercise Rights to Retain Stakes
TipRanks Canadian Auto-Generated NewsdeskKenorland Minerals Enhances Asset Strategy with Subsidiary Royalty
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App