Mako Mining Announces Normal Course Issuer Bid Accepted by TSX Venture Exchange
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Mako Mining Corp. has received approval from the TSX Venture Exchange to initiate a normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding common shares over the next year.
November 14, 2024 | 12:00 pm
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POSITIVE IMPACT
Mako Mining Corp. has been approved to repurchase up to 5% of its outstanding shares, which could positively impact the stock price by reducing the number of shares available in the market.
The approval of a normal course issuer bid allows Mako Mining to buy back a significant portion of its shares, which typically signals confidence in the company's value and can lead to a higher stock price due to reduced supply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100