Loading ...First Majestic Renews Share Repurchase Program
March 14th, 2016
First Majestic Silver Corp. (“First Majestic” or the “Company”) announced today that its board of directors has approved the extension of its share repurchase program (the “Share Repurchase”) pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (“TSX”) or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 7,783,799 common shares of the Company which represents 5% of the 155,675,982 issued and outstanding shares of the Company as of March 10, 2016.
In order to implement the Share Repurchase, First Majestic has received TSX approval of its notice of intention to make a normal course issuer bid. The notice provides that First Majestic may, during the 12 month period commencing on March 17, 2016 and ending on or before March 16, 2017, purchase up to 7,783,799 common shares through the facilities of the TSX and alternative Canadian marketplaces.
http://www.firstmajestic.com/en/news/first-majestic-renews-share-repurchase-program-1