Canadian North Resources Inc. («Canadian North», «CNRI» or the «Company») (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) announced an update on its Normal Course Issuer Bid («NCIB») that was announced on April 5, 2024.
Repurchase of Common Shares
Canadian North Resources Inc. has repurchased a total of X common shares since December 5, 2024.
Purpose of the Repurchase
The purpose of the share repurchase is to return value to shareholders and to create a strong signal about the Company’s financial strength and prospects.
Details of the Repurchase
The company has repurchased the common shares through the facilities of the TSX Venture Exchange. The average daily trading volume for the six months preceding the announcement was Y shares.
- Date of repurchases: December 5, 2024 to February 20, 2025
- Total number of common shares repurchased: X
- Trading prices and volume weighted average trading price per common share: Z
Future Plans
Canadian North Resources Inc. remains committed to creating long-term value for its shareholders. The Company will continue to evaluate opportunities for future repurchases as part of its capital allocation strategy.