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Wesdome Gold Mines Announces Normal Course Issuer Bid
TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"Wesdome Gold Mines Announces Normal Course Issuer Bid\n\n\n\n TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“\n \n Wesdome\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that Wesdome’s board of directors has approved, subject to approval of the Toronto Stock Exchange (the \"\n \n TSX\n \n \") the initiation of a Normal Course Issuer Bid (\"\n \n NCIB\n \n \") to repurchase up to 2% of the Company’s public float (the “\n \n Shares\n \n ”) over the next 12 months. The NCIB will be conducted in accordance with the requirements of the TSX and applicable securities laws, with purchases to be made as appropriate opportunities arise from time to time.\n \n\n Anthea Bath, President and Chief Executive Officer, commented, “The introduction of a normal course issuer bid, subject to TSX approval, reflects the continued strength of Wesdome’s balance sheet and our commitment to disciplined capital allocation. With no debt and a growing cash position, we are able to fund high-return organic growth initiatives while retaining the financial flexibility to return capital to shareholders through opportunistic share repurchases.”\n \n\n Wesdome’s board of directors believes that an NCIB represents an appropriate use of its available liquidity, after funding strategic growth initiatives, to enhance per-share value and serve the best interests of the Company and its shareholders.\n \n\n Wesdome has filed a notice of intention with the TSX to implement an NCIB. If the NCIB is approved by the TSX, Wesdome will be authorized to acquire up to a maximum of 2% of the public float for cancellation over a period of 12 months. Wesdome had a total of 150,969,214 issued and outstanding Shares as of October 16, 2025. The number of Shares that could be purchased pursuant to the NCIB would be subject to a daily maximum of 182,093 Shares (which is equal to 25% of the average daily trading volume of 728,373 Shares on the TSX for the six month period prior to October 16, 2025), subject to the Wesdome's ability to make one block purchase of Shares per calendar week that exceeds such limits. The actual number of Shares that may be purchased by Wesdome pursuant to the NCIB, and the timing of such purchases, will be determined b...