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Minco Capital Initiates New Normal Course Issuer Bid Program

Minco Capital Initiates New Normal Course Issuer Bid Program

Minco Capital Corp. to Launch Normal Course Issuer Bid

Minco Capital Corp. (TSX-V: MMM, OTCQX: MGHCF) has exciting news for its shareholders with the initiation of a Normal Course Issuer Bid (NCIB). Subject to the approval by the TSX Venture Exchange (TSXV), this new NCIB program represents a strategic move aimed at enhancing shareholder value.

Details of the Normal Course Issuer Bid

The newly proposed NCIB will commence soon and allows Minco Capital to repurchase up to 2% of its issued and outstanding shares in any given 30-day timeframe. This equates to a total of 3,245,655 common shares over the next 12 months, reflecting about 10% of the company's public float. This initiative is part of the Board of Directors' strategy to utilize the company’s excess cash in a beneficial manner.

Rationale Behind the Buyback Program

Minco Capital's leadership believes that the current market price does not accurately signify the underlying value of its stock. By initiating the NCIB, the company aims not only to stabilize the share price but also to create long-term value for its shareholders. The buyback can increase the proportional ownership of existing shareholders, thereby enhancing their investment.

Mechanics of the NCIB

All share repurchases conducted under the NCIB will happen through the TSXV in accordance with their regulations. The completed shares will be returned to treasury for cancellation, thus reducing the overall share count which can positively influence earnings per share.

Provision of Information and Shareholder Queries

For shareholders interested in more details regarding the NCIB, Minco Capital encourages them to reach out directly. A copy of the NCIB notice is available upon request at no charge to shareholders, ensuring that all interested parties remain informed.

About Minco Capital Corp.

Minco Capital Corp. is dedicated to exploring and investing in high-quality opportunities, which includes both public and private companies. Currently, the company has a notable stake in Minco Silver Corporation, holding around 11 million shares. For additional information, stakeholders can connect with the company at (604)-688-8002 or via email.

Contact Information

To connect with the company further, shareholders can reach out to Renee Lin at (604)-688-8002 or email pr@mincomining.ca for inquiries.

Frequently Asked Questions

What is the purpose of the Normal Course Issuer Bid?

The NCIB aims to repurchase common shares to enhance shareholder value and reflect the company's stock's true value.

How many shares can Minco Capital repurchase?

The company can repurchase up to 2% of its issued shares in any 30-day period, totaling 3,245,655 shares over the year.

Where will the shares be repurchased from?

All share repurchases will be conducted through the TSXV or other Canadian platforms at the prevailing market price.

Who is managing the buyback program?

The NCIB will be managed on behalf of Minco Capital by Raymond James Ltd.

How can shareholders contact the company for more information?

Shareholders can contact Renee Lin at (604)-688-8002 or via email for inquiries regarding the NCIB.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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