Verdera Announces Intention to Commence Normal Course Issuer Bid; Company to Host Conference Call and Webcast
Verdera Energy Corp., the uranium spin-off from enCore Energy, announced its intention to commence a normal course issuer bid on the TSX Venture Exchange, with authority to repurchase up to 3,793,152 common shares — roughly 10% of its public float — between September 29, 2026 and September 28, 2027. Haywood Securities has been retained to execute purchases, which will be cancelled; the buyback reflects management's view that Verdera shares at current prices are an attractive use of corporate funds.
Key figures
- Ncib max shares
- 3793152
- Shares outstanding
- 75782993
- Ncib pct outstanding
- approximately 5%
- Ncib pct public float
- approximately 10%
- Distribution record date
- September 25, 2026
- Distribution payable date
- September 30, 2026
- Restricted distribution shares
- 14000000
AI analysis
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