TRU Concludes Normal Course Issuer Bid
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has terminated its normal course issuer bid (NCIB) effective immediately. The NCIB, announced on December 7, 2023, aimed to purchase and cancel up to 9,668,743 common shares, representing 10% of the company's outstanding Public Float. As of August 12, 2024, 4,934,000 shares (approximately 3% of outstanding shares) were repurchased at an average price of $0.029, totaling about $143,086. The NCIB was subject to a maximum aggregate purchase price of $150,000 plus brokerage commissions, with a maximum price per share of $0.04. All repurchased shares will be cancelled.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha terminato il proprio programma di acquisto di azioni nella normale attività (NCIB) con effetto immediato. Il NCIB, annunciato il 7 dicembre 2023, mirava ad acquistare e annullare fino a 9.668.743 azioni ordinarie, che rappresentano il 10% del flottante pubblico dell'azienda. A partire dal 12 agosto 2024, 4.934.000 azioni (circa il 3% delle azioni in circolazione) sono state riacquistate a un prezzo medio di $0,029, per un totale di circa $143.086. Il NCIB era soggetto a un prezzo massimo di acquisto aggregato di $150.000 più commissioni di intermediazione, con un prezzo massimo per azione di $0,04. Tutte le azioni riacquistate saranno annullate.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha terminado su oferta normal de adquisición (NCIB) con efecto inmediato. La NCIB, anunciada el 7 de diciembre de 2023, tenía como objetivo comprar y cancelar hasta 9.668.743 acciones ordinarias, lo que representa el 10% de la flotación pública de la empresa. A partir del 12 de agosto de 2024, 4.934.000 acciones (aproximadamente el 3% de las acciones en circulación) fueron recompradas a un precio promedio de $0,029, totalizando aproximadamente $143.086. La NCIB estaba sujeta a un precio máximo de compra agregado de $150.000 más comisiones de corretaje, con un precio máximo por acción de $0,04. Todas las acciones recompradas serán canceladas.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)가 정상적인 주식 매입 프로그램(NCIB)을 즉시 종료했습니다. 2023년 12월 7일에 발표된 NCIB는 회사의 유통 주식의 10%에 해당하는 9,668,743개의 보통주를 매입하고 취소하는 것을 목표로 했습니다. 2024년 8월 12일 기준으로 4,934,000주(약 3%의 유통 주식)가 평균 가격 $0.029에 재매입되어, 총 약 $143,086에 달했습니다. NCIB는 Brokerage 수수료를 포함하여 최대 $150,000의 총 매입 가격 한도와 주당 최대 가격 $0.04로 제한되었습니다. 매입된 모든 주식은 취소됩니다.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) a terminé son offre d'achat normale (NCIB) avec effet immédiat. La NCIB, annoncée le 7 décembre 2023, visait à acheter et annuler jusqu'à 9.668.743 actions ordinaires, représentant 10 % du flottant public de l'entreprise. Au 12 août 2024, 4.934.000 actions (environ 3 % des actions en circulation) avaient été rachetées à un prix moyen de 0,029 $, pour un total d'environ 143.086 $. La NCIB était soumise à un prix d'achat maximum agrégé de 150.000 $ plus des commissions de courtage, avec un prix maximum par action de 0,04 $. Toutes les actions rachetées seront annulées.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) hat sein reguläres Aktienrückkaufprogramm (NCIB) mit sofortiger Wirkung beendet. Das am 7. Dezember 2023 angekündigte NCIB sollte bis zu 9.668.743 Stammaktien erwerben und annullieren, was 10 % des öffentlichen Streubesitzes des Unternehmens entspricht. Ab dem 12. August 2024 wurden 4.934.000 Aktien (ungefähr 3 % der ausgegebenen Aktien) zu einem Durchschnittspreis von 0,029 $ zurückgekauft, was insgesamt etwa 143.086 $ ausmacht. Das NCIB unterlag einer maximalen Gesamtkaufpreisgrenze von 150.000 $ zuzüglich Brokerage-Provisionen, mit einem Höchstpreis von 0,04 $ pro Aktie. Alle zurückgekauften Aktien werden annulliert.
- Repurchased 4,934,000 shares, reducing outstanding shares by approximately 3%
- Average repurchase price of $0.029 per share, below the maximum allowed price of $0.04
- Nearly reached the maximum aggregate purchase price of $150,000, indicating efficient use of allocated funds
- Early termination of NCIB before reaching the full 10% target of outstanding Public Float
- Potential signal of financial resources or change in capital allocation strategy
TORONTO, ON / ACCESSWIRE / August 13, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") today announced that, effective immediately, it has terminated the normal course issuer bid ("NCIB") first announced on December 7, 2023. The purpose of the NCIB was to purchase and cancel up to 9,668,743 common shares of the Company ("Shares''), representing up to
The NCIB commenced on December 11, 2023 and was set to conclude one year later on December 10, 2024, or earlier if the maximum number of Shares sought in the NCIB had been repurchased, or if the Company deemed it appropriate to conclude the NCIB before the specified end date.
The share purchases were completed by way of open market purchases through the facilities of the TSXV and other exchanges, and TRU paid the market price of the Shares at the time of acquisition. The NCIB was subject to a maximum aggregate purchase price of any Shares repurchased under the NCIB of
As of August 12, 2024, 4,934,000 Shares have been repurchased representing approximately
About TRU Precious Metals Corp.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its
TRU is approximately
For further information about TRU, please contact:
Olga Nikitovic
President & CFO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
To connect with TRU via social media, below are links:
X (formerly Twitter): https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TRU Precious Metals Corp.
View the original press release on accesswire.com
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