Argo to Renew Its Normal Course Issuer Bid
Argo Gold (OTC:ARBTF) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, allowing the company to repurchase up to 3,654,388 common shares, representing 5% of its outstanding shares. The new NCIB will run from June 27, 2025 to June 26, 2026.
Under the previous NCIB, Argo has already purchased 777,307 shares and cancelled 747,807 shares, with the remaining shares scheduled for cancellation on June 30, 2025. The company will execute purchases through the Canadian Securities Exchange (CSE) or alternative trading systems at prevailing market prices.
Argo Gold (OTC:ARBTF) ha annunciato il rinnovo del suo programma di riacquisto di azioni ordinarie nell'ambito del Normal Course Issuer Bid (NCIB), che consente all'azienda di riacquistare fino a 3.654.388 azioni ordinarie, pari al 5% delle azioni in circolazione. Il nuovo NCIB sarà attivo dal 27 giugno 2025 al 26 giugno 2026.
Durante il precedente NCIB, Argo ha già acquistato 777.307 azioni e ne ha cancellate 747.807, mentre le azioni rimanenti saranno cancellate il 30 giugno 2025. L'azienda effettuerà gli acquisti tramite la Canadian Securities Exchange (CSE) o sistemi di trading alternativi ai prezzi di mercato correnti.
Argo Gold (OTC:ARBTF) ha anunciado la renovación de su programa Normal Course Issuer Bid (NCIB), que permite a la compañía recomprar hasta 3.654.388 acciones comunes, lo que representa el 5% de sus acciones en circulación. El nuevo NCIB estará vigente desde el 27 de junio de 2025 hasta el 26 de junio de 2026.
Bajo el NCIB anterior, Argo ya ha comprado 777.307 acciones y cancelado 747.807 acciones, y las acciones restantes están programadas para ser canceladas el 30 de junio de 2025. La compañía realizará las compras a través de la Canadian Securities Exchange (CSE) o sistemas de negociación alternativos a precios de mercado vigentes.
Argo Gold (OTC:ARBTF)는 정상 과정 발행자 매입 프로그램(NCIB)을 갱신하여 회사가 최대 3,654,388주의 보통주를 재매입할 수 있도록 했으며, 이는 발행 주식의 5%에 해당합니다. 새로운 NCIB는 2025년 6월 27일부터 2026년 6월 26일까지 진행됩니다.
이전 NCIB에서는 Argo가 이미 777,307주를 매입하고 747,807주를 취소했으며, 나머지 주식은 2025년 6월 30일에 취소될 예정입니다. 회사는 캐나다 증권 거래소(CSE) 또는 대체 거래 시스템을 통해 시장 가격으로 매입을 실행할 것입니다.
Argo Gold (OTC:ARBTF) a annoncé le renouvellement de son programme Normal Course Issuer Bid (NCIB), permettant à la société de racheter jusqu'à 3 654 388 actions ordinaires, soit 5 % de ses actions en circulation. Le nouveau NCIB s'étendra du 27 juin 2025 au 26 juin 2026.
Dans le cadre du précédent NCIB, Argo a déjà acheté 777 307 actions et annulé 747 807 actions, les actions restantes devant être annulées le 30 juin 2025. La société effectuera les achats via la Canadian Securities Exchange (CSE) ou des systèmes de négociation alternatifs aux prix du marché en vigueur.
Argo Gold (OTC:ARBTF) hat die Verlängerung seines Normal Course Issuer Bid (NCIB)-Programms angekündigt, das es dem Unternehmen ermöglicht, bis zu 3.654.388 Stammaktien zurückzukaufen, was 5 % der ausstehenden Aktien entspricht. Das neue NCIB läuft vom 27. Juni 2025 bis zum 26. Juni 2026.
Im Rahmen des vorherigen NCIB hat Argo bereits 777.307 Aktien zurückgekauft und 747.807 Aktien storniert, während die verbleibenden Aktien am 30. Juni 2025 storniert werden sollen. Das Unternehmen wird die Käufe über die Canadian Securities Exchange (CSE) oder alternative Handelssysteme zu den jeweils gültigen Marktpreisen durchführen.
- None.
- Share repurchases will use company's financial resources that could be used for operations or growth
Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") announces that it intends to renew its normal course issuer bid ("NCIB") to purchase for cancellation, from time to time over a 12-month period starting June 27, 2025, common shares ("Common Shares") of the Company in an aggregate amount of up to 3,654,388 Common Shares, representing 5 percent of Argo's issued and outstanding Common Shares. The NCIB will end on June 26, 2026, unless the maximum number of Common Shares is purchased before then or Argo provides earlier notice of termination.
Since the inception of the original NCIB to the end of May 31, 2025, Argo Gold has purchased 777,307 shares out of the market and cancelled 747,807 shares. The uncancelled shares will be cancelled June 30, 2025.
The board and management of the Company believe that the market price of the Common Shares may not fully reflect the value of its business and prospects, and as such believes that purchasing the Common Shares for cancellation is an appropriate strategy for increasing long-term shareholder value and represents an appropriate use of the Company's financial resources.
The purchase and payment for the Common Shares will be made by Argo through the facilities of the Canadian Securities Exchange ("CSE") or alternative trading systems. The price paid for the Common Shares will be, subject to the applicable laws, the prevailing market price of such Common Shares on the CSE at the time of such purchase. Any Common Shares purchased by the Company will be cancelled.
About Argo Gold
Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR+ at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
www.argogold.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256947
FAQ
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