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- Gold Coin (TSX:XAU:CA) (OTCPK:XAUMF) said Wednesday that the precious metals company is set to increase the maximum number of shares that can be repurchased as part of the issuer’s regular offering.
- The company said the Toronto Stock Exchange accepted the notice filed for NCIB modification, effective February 20.
- The change increases the maximum number of shares that can be repurchased from 592,058 shares, representing approximately 7.95% of the public float as of September 11, 2023, to 744,536 shares, representing approximately 10% of the public float as of September 11 . 2023.
- The company said no other terms had been changed.
- Goldmoney will have the right to repurchase a maximum of 1,134 shares on any trading day.
- The company said it repurchased 495,800 shares at a weighted average price of $8.18 as of Feb. 6.
- Source: press release