- Morien Resources (MOX) has received approval from the TSX to renew its NCIB
- Between February 1, 2022 and January 31, 2023, Morien will purchase for cancellation up to 3,763,300 common shares
- Under its current NCIB, Morien purchased 525,500 of its common shares at an average price of $0.21
- Morien is a Canadian-based, mining development company
- Morien Resources Corp. (MOX) opened trading at C$0.195 per share
Morien Resources (MOX) has received approval from the TSX to renew its NCIB.
Between February 1, 2022, and January 31, 2023, Morien will purchase for cancellation up to 3,763,300 common shares, representing approximately 10 per cent of the public float as of January 21, 2022.
Morien believes that purchasing and returning its common shares to treasury will enhance value for its shareholders. Morien’s cash position allows for the implementation of the bid without adversely affecting Morien’s other opportunities.
Under its current NCIB which expires on January 31, Morien purchased 525,500 of its common shares at an average price per share of $0.21. As of January 25, 2022, the company had 50,587,614 common shares outstanding.
Morien is entitled to purchase up to the maximum of 3,763,300 shares in any 30-day period.
Morien is a Canadian-based, mining development company that holds royalty interests in two tidewater accessed projects.
Morien Resources Corp. (MOX) opened trading at C$0.195 per share.