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FPX Nickel Announces Approval of Normal Course Issuer Bid
FPX Nickel Announces Approval of Normal Course Issuer Bid Canada NewsWire V...
About this update from Fpx Nickel Corp
[{"type":"text","content":"\n\n\n\n FPX Nickel Announces Approval of Normal Course Issuer Bid\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Dec. 3, 2024\n \n\n /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (\"\n \n FPX Nickel\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has received approval from the TSX Venture Exchange (the \"\n \n Exchange\n \n \") to proceed with its Normal Course Issuer Bid (the \"\n \n NCIB\n \n \") previously announced on\n \n December 2, 2024\n \n .\n \n\n\n\n\n\n\n\n\n Under the NCIB, the Company may acquire up to 5,000,000 common shares (\"\n \n Common Shares\n \n \"), representing approximately 2% of the current public float of the Common Shares, over the 12-month period commencing\n \n December 5, 2024\n \n , and ending on\n \n December 5, 2025\n \n .\n \n\n Purchases of Common Shares will be carried out in the open market through the facilities of the Exchange, in compliance with regulatory requirements at the prevailing market price of the Common Shares at the time of acquisition. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by the Company and dependent on market conditions. The NCIB will be conducted through Cormark Securities Inc. and made in accordance with the policies of the Exchange.\n \n\n The funding for any purchases pursuant to the NCIB will be from the available funds of the Company. To the Company's knowledge, none of the directors, senior officers, or other insiders of the Company, has any present intention to sell any Common Shares during the course of the NCIB. During the past 12 months, no Common Shares were purchased by the Company.\n \n\n The Company is commencing the NCIB because it believes that the market price of its Common Shares is undervalued and does not reflect the value of the Company's assets and future prospects and that the purchase of Common Shares under the NCIB is in the best interest of the Company, a desirable use of its available cash, an...