Xtra-Gold Announces 2025 Normal Course Issuer Bid and Results of 2024 Bid
Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) has announced the renewal of its normal course issuer bid program for 2025, approved by the Toronto Stock Exchange. The company plans to repurchase up to 4,000,000 common shares, representing approximately 10% of its public float of 40,885,362 shares.
The 2025 Bid will run from March 18, 2025, to March 17, 2026, with a daily purchase limit of 2,864 shares. The company has engaged Haywood Securities Inc. as the broker for conducting the bid. All purchases will be made through the TSX at market prices, and purchased shares will be cancelled.
Regarding the previous 2024 Bid results, Xtra-Gold has purchased 165,700 common shares at an average price of $1.61 per share. As of March 6, 2025, the company has 45,944,217 common shares issued and outstanding.
Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) ha annunciato il rinnovo del suo programma di offerta di acquisto normale per il 2025, approvato dalla Borsa di Toronto. L'azienda prevede di riacquistare fino a 4.000.000 di azioni ordinarie, che rappresentano circa il 10% del suo flottante pubblico di 40.885.362 azioni.
La Offerta del 2025 sar脿 valida dal 18 marzo 2025 al 17 marzo 2026, con un limite di acquisto giornaliero di 2.864 azioni. L'azienda ha incaricato Haywood Securities Inc. come intermediario per condurre l'offerta. Tutti gli acquisti saranno effettuati tramite la TSX a prezzi di mercato e le azioni acquistate saranno annullate.
Per quanto riguarda i risultati della precedente Offerta del 2024, Xtra-Gold ha acquistato 165.700 azioni ordinarie a un prezzo medio di $1,61 per azione. A partire dal 6 marzo 2025, l'azienda ha 45.944.217 azioni ordinarie emesse e in circolazione.
Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) ha anunciado la renovaci贸n de su programa de oferta de compra normal para 2025, aprobado por la Bolsa de Valores de Toronto. La compa帽铆a planea recomprar hasta 4.000.000 de acciones comunes, que representan aproximadamente el 10% de su flotaci贸n p煤blica de 40.885.362 acciones.
La Oferta de 2025 se llevar谩 a cabo desde el 18 de marzo de 2025 hasta el 17 de marzo de 2026, con un l铆mite de compra diario de 2.864 acciones. La compa帽铆a ha contratado a Haywood Securities Inc. como corredor para llevar a cabo la oferta. Todas las compras se realizar谩n a trav茅s de la TSX a precios de mercado y las acciones compradas ser谩n canceladas.
En cuanto a los resultados de la oferta anterior de 2024, Xtra-Gold ha comprado 165.700 acciones comunes a un precio promedio de $1,61 por acci贸n. A partir del 6 de marzo de 2025, la compa帽铆a tiene 45.944.217 acciones comunes emitidas y en circulaci贸n.
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Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) a annonc茅 le renouvellement de son programme de rachat normal d'actions pour 2025, approuv茅 par la Bourse de Toronto. La soci茅t茅 pr茅voit de racheter jusqu'脿 4.000.000 d'actions ordinaires, repr茅sentant environ 10 % de son flottant public de 40.885.362 actions.
Le rachat de 2025 se d茅roulera du 18 mars 2025 au 17 mars 2026, avec une limite d'achat quotidienne de 2.864 actions. La soci茅t茅 a engag茅 Haywood Securities Inc. en tant que courtier pour r茅aliser le rachat. Tous les achats seront effectu茅s par le biais de la TSX 脿 des prix du march茅, et les actions achet茅es seront annul茅es.
Concernant les r茅sultats du rachat pr茅c茅dent de 2024, Xtra-Gold a achet茅 165.700 actions ordinaires 脿 un prix moyen de 1,61 $ par action. Au 6 mars 2025, la soci茅t茅 a 45.944.217 actions ordinaires 茅mises et en circulation.
Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) hat die Erneuerung seines normalen R眉ckkaufprogramms f眉r 2025 angek眉ndigt, das von der Toronto Stock Exchange genehmigt wurde. Das Unternehmen plant, bis zu 4.000.000 Stammaktien zur眉ckzukaufen, was ungef盲hr 10% seines 枚ffentlichen Streubesitzes von 40.885.362 Aktien entspricht.
Das R眉ckkaufprogramm f眉r 2025 l盲uft vom 18. M盲rz 2025 bis zum 17. M盲rz 2026, mit einem t盲glichen Kauflimit von 2.864 Aktien. Das Unternehmen hat Haywood Securities Inc. als Broker f眉r die Durchf眉hrung des R眉ckkaufs beauftragt. Alle K盲ufe werden 眉ber die TSX zu Marktpreisen get盲tigt und die gekauften Aktien werden annulliert.
Bez眉glich der Ergebnisse des vorherigen R眉ckkaufs im Jahr 2024 hat Xtra-Gold 165.700 Stammaktien zu einem durchschnittlichen Preis von 1,61 $ pro Aktie gekauft. Zum 6. M盲rz 2025 hat das Unternehmen 45.944.217 ausgegebene und ausstehende Stammaktien.
- Authorization to repurchase up to 4 million shares (10% of float) demonstrates confidence in company value
- Share buyback program can increase value for remaining shareholders through reduced share count
- Company has successfully executed previous buyback program in 2024
- participation in 2024 buyback program with only 165,700 shares (4.1%) of authorized 4 million shares purchased
Toronto, Ontario--(Newsfile Corp. - March 13, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra- Gold" or the "Company"); is pleased to announce today that the Toronto Stock Exchange ("TSX") has accepted a noticed filed by the Company of its intention to renew its prior normal course issuer bid for a further one-year period. The Company intends to proceed with a normal course issuer bid to purchase up to 4,000,000 common shares of the Company (the "2025 Bid").
The Company is commencing the 2025 Bid, because it believes that the current market price of its common shares may not fully reflect the underlying value of the Company's business and its future business prospects. The Company believes that the purchase of common shares for cancellation is in the best interests of the Company's shareholders by increasing the respective proportionate shareholdings and therefore increasing the respective equity interest in the Company for all remaining shareholders.
As of March 6, 2025, the Company has 45,944,217 common shares issued and outstanding. The 4,000,000 common shares that may be purchased by the Company under the 2025 Bid represent approximately
All shares will be purchased on the open market through the facilities of the TSX, and payment for the common shares will be in accordance with TSX policies. The price paid for the common shares will be the market price at the time of purchase. Purchasing may be suspended at any time, and no purchases will be made other than by means of open market transactions during the term of the 2025 Bid.
The maximum number of common shares that may be purchased daily is 2,864 common shares representing
The Company has engaged Haywood Securities Inc. to act as broker through which the 2025 Bid will be conducted.
Previous purchases were made by the Company under a prior normal course issuer bid (the "2024 Bid"), the results of which are noted hereunder.
Results of 2024 Bid
Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which Company sought and received approval from the TSX to purchase up to 4,000,000 Common Shares for the period of March 18, 2024 to March 17, 2025, the Company has purchased, as of March 6, 2025, 165,700 Common Shares on the open market at an average purchase price of
About Xtra-Gold Resources Corp.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt, in Ghana West Africa.
Contact Information
For further information please contact:
James Longshore, CEO
Phone #: 242-363-3864
E-mail: [email protected]
Website:
To view the source version of this press release, please visit
FAQ
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