TORONTO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Inter-Rock Minerals Inc. (TSX-V: IRO) (“Inter-Rock” or the “Company”) today announced that it has filed a Notice of Intention and received acceptance from the TSX Venture Exchange (the “TSXV”) to commence a normal course issuer bid (the “NCIB”) to purchase for cancellation from time to time up to an aggregate of 1,000,000 common shares of the Company, representing up to approximately 4.6% of the Company’s 21,733,811 common shares issued and outstanding as of the date hereof, and up to approximately 9.2% of the 10,882,411 common shares, which to the knowledge of the Issuer, are in the Public Float (as such term is defined in the policies of the TSXV). Inter-Rock has engaged Independent Trading Group Inc. to act as broker for the NCIB.
Related Questions
How will the 4.6% share repurchase affect IRO's earnings per share and valuation multiples?
What is the company's available cash or financing structure to fund the normal course issuer bid, and could it limit other growth initiatives?
How does this buyback compare to recent repurchase activity in the junior mining sector and what does it signal about management's confidence in the business?