- Morien Resources (TSXV:MOX:CA) on Wednesday said the TSX Venture Exchange accepted it’s notice of intention to renew its normal course issuer bid to purchase outstanding common shares of Morien on the open market.
- Morien may acquire up to 3.61M common shares, representing about 10% of the public float of Morien as of January 30.
- According to board of directors of Morien, its common shares trade at prices from time to time that do not reflect the underlying value of the company.
- From February 1, 2023 to January 30, 2024, Morien purchased 160,114 of its common shares at an average price per share of $0.50 under its current NCIB, which expires January 31, 2024.
- Morien is authorized to make purchases between February 1, 2024, and January 31, 2025.
- Source: Press Release
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