on ROK Resources, Inc. (isin : CA77544C1041)
ROK Resources Initiates Share Buyback Program
On June 5, 2025, ROK Resources Inc. announced its plan to initiate a Normal Course Issuer Bid (NCIB). The initiative allows the company to buy back up to 18,284,409 common shares over a one-year period, from June 10, 2025, to June 9, 2026. The company aims to use its financial resources effectively by repurchasing its shares when market prices are below intrinsic value. All repurchased shares will be cancelled.
Currently, the company has 219,769,315 common shares outstanding, with a public float of 182,844,090 shares. The NCIB represents 10% of the public float. ROK Resources has enlisted National Bank Financial Inc. to manage the open market purchase of shares through TSX Venture Exchange facilities.
Shareholders will be informed of the NCIB in the company's next quarterly report, and the NCIB notice is available upon request.
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