Base Carbon, Inc. (TSE:BCBN) has released an update.
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Base Carbon, Inc. has announced a renewed initiative to repurchase and cancel up to 7,571,314 of its common shares over a 12-month period starting June 21, 2024. This buyback reflects the company’s belief that its stock is undervalued and represents a strategic use of corporate funds. Base Carbon also established an automatic share purchase plan to facilitate share repurchases during times when insider trading rules would typically prevent such activity.
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