Nickel 28 Capital Corp (TSE:NKL) has released an update.
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Nickel 28 Capital Corp. has revealed plans to initiate a normal course issuer bid (NCIB) to repurchase its shares, citing that current trading prices don’t reflect the company’s true value. The move, aligned with a new shareholder capital return policy, aims to enhance shareholder value by increasing their stake in the company. The bid’s execution will be subject to market conditions and regulatory approval, with the intention to cancel the repurchased shares.
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