Source: Mandalay Resources Corporation
  • Mandalay Resources has received approval for a normal course issuer bid (NCIB)
  • Between January 18, 2023, and January 17, 2024, the company may purchase up to  4,622,835 of its common shares for cancellation
  • Daily purchases will be limited to 6,723 common shares
  • The company will fund the bid through surplus cash available from its operations
  • Mandalay Resources is a Canadian-based natural resource company with assets in Australia and Sweden 
  • Mandalay Resources Corp. (MND) opened trading at C$2.65

Mandalay Resources Corporation (MND) has received approval from the TSX for a normal course issuer bid (NCIB).

Between January 18, 2023, and January 17, 2024, the company may purchase up to  4,622,835 of its common shares for cancellation.

Daily purchases will be limited to 6,723 common shares.

 The company will fund purchases under the bid from surplus cash available from its operations.

Mandalay Resources is a Canadian-based natural resource company with assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). 

Mandalay Resources Corp. (MND) opened trading at C$2.65.

More From The Market Online

KWESST to provide situational awareness for the Canadian Red Cross

KWESST Micro Systems (TSXV:KWE) wins a contract to provide a situational awareness app to support the Canadian Red Cross.

Air Canada stock rises as service from Ottawa grows

Air Canada (TSX:AC) boosts its schedule serving Ottawa by almost 60 per cent with more flights across the nation.

Odd Burger to add 40 locations in Florida

Odd Burger (TSXV:ODD) will develop 40 new locations in Florida over the next eight years, with its sights set on further U.S. expansion.