- Xtra-Gold Resources (XTG) is renewing its prior normal course issuer bid
- The company intends to purchase up to 4,000,000 common shares under the 2022 bid
- The company may purchase a daily maximum of 3,502 common shares
- Under the previous NCIB, the company has purchased, 414,000 common shares at an average purchase price of $0.995 per share
- Xtra-Gold Resources Corp is a gold exploration company
- Xtra-Gold Resources Corp. (XTG) opened trading at C$1.11 per share.
Xtra-Gold Resources (XTG) is renewing its normal course issuer bid.
The company intends to purchase up to 4,000,000 common shares under the 2022 bid representing approximately 10 per cent of the public float. The 2022 NCIB will commence on March 16, 2022 and end on March 15, 2023.
The maximum number of common shares that may be purchased on a daily basis is 3,502 common shares representing 25 per cent of the average daily trading volume for the last six calendar months. All shares purchased by the company will be cancelled.
Xtra-Gold has engaged Haywood Securities Inc. to act as broker for the 2022 NCIB.
Under the previous NCIB, scheduled to end on March 15, 2022, the company has purchased, 414,000 common shares at an average purchase price of $0.995 per share.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt, in Ghana West Africa.
Xtra-Gold Resources Corp. (XTG) opened trading at C$1.11 per share.