Mount Gibson Iron Limited Announces Share Buy-Back

Mount Gibson Iron Limited (AU:MGX) has released an update.

Mount Gibson Iron Limited has announced an on-market buy-back of its ordinary fully paid securities, with a total of 357,535 shares repurchased on the previous day, adding to the cumulative total of 14,919,530 shares bought back. This move may indicate the company’s strategy to enhance shareholder value by reducing the number of shares available in the market.

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