West Vault Mining Initiates Share Buyback Program

West Kirkland Mining (TSE:WVM) has released an update.

West Vault Mining Inc. has announced the approval of its normal course issuer bid to repurchase up to 2.9 million common shares, roughly 5% of its outstanding shares, starting May 6, 2024. This strategic move, aimed at enhancing shareholder value, allows the company to buy back shares on the open market until May 5, 2025, or until the allocated shares are purchased. The buyback program, which follows a previous one where 298,500 shares were purchased, is seen as an optimal use of the company’s funds by its board of directors.

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