- Centerra Gold (CG) announced that the TSX has accepted its notice of intention to proceed with a normal course issuer bid
- Under the bid, the company will purchase for cancellation up to 15,610,813 common shares
- Daily purchases would be limited to 226,201 common shares
- Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties worldwide
- Centerra Gold Inc. (CG) opened trading at C$6.41
Centerra Gold (CG) announced that the TSX has accepted its notice of intention to proceed with a normal course issuer bid.
Under the approved bid, the company will purchase for cancellation up to 15,610,813 common shares, representing approximately 10 per cent of the company’s public float.
Centerra believes that the NCIB will provide the company with a flexible tool to deploy a portion of its cash balance to repurchase common shares while preserving its strong balance sheet position.
Centerra may purchase common shares under the NCIB over a twelve-month period between October 13, 2022, and October 12, 2023.
Under the NCIB, daily purchases would be limited to 226,201 common shares.
Centerra intends to establish an automatic share purchase plan in connection with its NCIB.
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide.
Centerra Gold Inc. (CG) opened trading at C$6.41.