- Goldmoney Inc. (XAU) has received approval to make a normal course issuer bid to purchase up to 3.7 million of its common shares for cancellation
- The bid will begin on August 30,2022 and end by August 29, 2023 at the latest
- The shares available for cancellation represent roughly 4.90 per cent of the company’s total issued and outstanding common shares
- Goldmoney is a precious metal-focused global business
- Goldmoney Inc. (XAU) is up 1.34 per cent and is trading at $1.51 per share as of 3:00 p.m. ET
Goldmoney (XAU) has received approval to purchase up to 3.7 million of its common shares for cancellation.
The bid will begin on August 30, 2022, and end on August 29, 2023, or whenever the allowed number of shares have been repurchased. The number of shares available to be repurchased represents roughly 4.90 per cent of the company’s total issued and outstanding common shares.
Goldmoney stated it reserved the right to terminate the normal course issuer bid earlier if it feels that it is appropriate to do so.
Any shares purchased by Goldmoney during the bid will be cancelled.
Goldmoney is a precious metal-focused global business. Through its ownership of various operating subsidiaries, the company stays engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients.
Goldmoney Inc. (XAU) is up 1.34 per cent and is trading at $1.51 per share as of 3:00 p.m. ET.