Globex Mining Ent (TSE:GMX) has released an update.
Globex Mining Enterprises Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase and cancel up to 1,000,000 of its shares within a year. This strategic move, which represents approximately 1.78% of the issued shares, is seen by the company as beneficial for both Globex and its shareholders, particularly when the share price is considered attractive.
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