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- Goldmoney (TSX:XAU:CA) (OTCPK:XAUMF) said on Wednesday that the precious metals company is set to increase the maximum number of shares that may be repurchased under its normal course issuer bid.
- The company said the Toronto Stock Exchange has accepted a notice filed for the amendment of the NCIB, effective Feb. 20.
- The amendment increases the maximum number of shares that can be repurchased from 592,058 shares, representing ~7.95% of the public float as at Sep. 11, 2023, to 744,536 shares, representing ~10% of the public float as at Sep. 11, 2023.
- The company said no other terms were amended.
- Goldmoney will have the right to repurchase a maximum of 1,134 shares on any trading day.
- The company said it has repurchased 495,800 shares at a weighted-average price of $8.18 as of Feb. 6.
- Source: Press Release