Calibre Mining Announces Normal Course Issuer Bid
2023年10月19日 - 7:00PM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the
"Company" or "Calibre"), a growing mid-tier gold producer with a
strong pipeline of development and exploration opportunities across
Nevada and Washington in the USA, and Nicaragua, announced today
that it intends to make a normal course issuer bid (the “Bid” or
“NCIB”) to repurchase, on the open market through the facilities of
the Toronto Stock Exchange (“TSX”), other designated exchanges
and/or alternative Canadian trading systems or by such other means
as may be permitted by applicable Canadian securities laws, certain
of its outstanding common shares (“Shares”).
Darren Hall, President, and Chief
Executive Officer of Calibre stated: “After investment we
continue to grow our cash position which at September 30, 2023 was
US$97 million, a 72% increase this year. Given our robust cash
position we will review the opportunity over the next 12 months to
purchase up to 10% of our public float. We believe that the
purchase of Calibre common shares under the NCIB is a responsible
use of available cash and in the best interests of the Company,
since the market prices, from time to time, may not reflect the
value of the Calibre’s business. We have continually delivered
stakeholder value, delivering organic growth across the business
resulting in a strong balance sheet from operating cash flow and we
will continue to increase shareholder value as we continue to
reinvest in our assets and deliver on our commitments.”
The number of Shares to be purchased during the
period of the Bid from October 23, 2023 to October 22, 2024 will
not exceed 33,159,091 Shares, being approximately 10% of the
outstanding Shares as of October 12, 2023, other than the Shares
held by directors, senior officers, and principal security holders
(the “Public Float”). The actual number of Shares which may be
purchased pursuant to the Bid and the timing of any such purchases
will be determined by the management of Calibre. As at October 12,
2023 there were 458,828,290 Shares issued and outstanding and the
Public Float consisted of 331,590,911 Shares. The average daily
trading volume of the Shares on the TSX (the “ADTV”) for the most
recently completed six month period was 804,824 Shares. Pursuant to
the terms of the Bid, Calibre will not acquire on any given trading
day more than 25% of the ADTV for the most recently completed
six-month period, being 201,206 Shares, other than block purchase
exceptions. All purchases made pursuant to the Bid will be made on
the open market through the facilities of the TSX, other designated
exchanges and/or alternative Canadian trading systems or by such
other means as may be permitted by applicable Canadian securities
laws and Calibre will cancel any such Shares purchased pursuant to
the Bid. The price that the Company will pay for Shares in open
market transactions will be the market price at the time of
purchase.
The Bid has been authorized by the Board of
Directors of Calibre to allow Calibre to purchase Shares if in the
opinion of management the purchases can be made on terms which will
enhance the value of the remaining outstanding Shares.
Calibre is undertaking the Bid because it
believes that the market may undervalue the Shares of Calibre from
time to time and that the Shares may trade in a price range which
may not adequately reflect the value of the Shares in relation to
the business, assets, and prospects of Calibre from time to time.
Calibre has not purchased any Shares in the past 12 months.
ON BEHALF OF THE BOARD
"Darren Hall"
Darren Hall, President, and Chief Executive
Officer
For further information, please contact:
Ryan KingSenior Vice President, Corporate
Development & IRT: (604) 628-1012E: calibre@calibremining.comW:
www.calibremining.com
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed, Americas
focused, growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a
proven management team, strong operating cash flow, accretive
development projects and district-scale exploration opportunities
Calibre will unlock significant value.
Cautionary Note Regarding Forward Looking
Information
Certain statements in this press release
constitute “forward-looking” statements that involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, objectives or achievements of the
Company, or industry results, to be materially different from any
future results, performance, objectives or achievements expressed
or implied by such forward looking statements. The forward-looking
statements in this press release include, but are not limited to,
statements regarding the number of Shares to be purchased under the
Bid, if any, the price to be paid by the Company for any Shares
purchased under the Bid, if any, and the timing of any such
purchases. These statements reflect our current views regarding
future events and operating performance and are based on
information currently available to us, and speak only as of the
date of this press release. These forward-looking statements
involve a number of risks, uncertainties and assumptions and should
not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such
performance or results will be achieved. Those assumptions and
risks include, but are not limited to, the Company’s ability to
successfully allocate capital as needed and to develop new
products, as well as the fact that our results of operations and
business outlook are subject to significant risk, volatility and
uncertainty. Many factors could cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements that may be expressed
or implied by such forward-looking statements, including the
factors identified in the “Risk Factors” section of the Company’s
annual information form for the year ended December 31, 2022, and
its management discussion and analysis for the year ended December
31, 2022, all available on the Company’s SEDAR+ profile at
www.sedarplus.ca. This list is not exhaustive of the factors that
may affect Calibre's forward-looking statements such as potential
sanctions implemented as a result of the United States Executive
Order 13851 dated October 24, 2022. Should one or more of these
risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described in this press
release as intended, planned, anticipated, believed, estimated or
expected. Unless required by applicable securities law, we do not
intend and do not assume any obligation to update these
forward-looking statements.
Calibre Mining (TSX:CXB)
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過去 株価チャート
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