2023-06-05 12:48:47 ET
- Melcor Developments ( OTCPK:MODVF ) intends to make a normal course issuer bid for the term June 7, 2023 and ending June 6, 2024, for purchase and cancellation of up to 1,562,431 common shares, ~5% of its issued and outstanding common shares.
- The daily repurchase restriction for the common shares is 1,617.
- Under the previous normal course issuer bid, 1,641,627 common shares were purchased for cancellation at $11.88. As of May 29, 2023, there were 31,248,628 common shares of Melcor outstanding and the average daily trading volume for the six-month period ending April 30, 2023 was 6,469.
- Source: Press Release
For further details see:
Melcor Developments announces normal course issuer bid