on ROK Resources Inc. (CVE:ROK)
ROK Resources to Initiate Normal Course Issuer Bid
ROK Resources Inc. has announced its intention to conduct a normal course issuer bid (NCIB) on the TSX Venture Exchange. The NCIB will allow ROK to purchase and cancel up to 18,157,025 common shares from August 13, 2026, to August 12, 2027. The company's board views this move as a strategic use of financial resources to buy back shares when they are undervalued. Though the intention is clear, the completion of these purchases is not guaranteed.
The initiative represents 10% of the company's public float, excluding shares controlled by directors and significant shareholders. National Bank Financial Inc. has been appointed as the broker to facilitate these open market transactions at current market prices.
Shareholders will receive updates in the company's next quarterly report, which will be filed on SEDAR+.
R. H.
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