Friday, May 31, 2019 4:08:18 PM
to defend the company under an attack from ex. short sellers -
Ex.
of a short attack on the share price....
often also happen at the end of day trading etc....
compare to KL end of day trades....
Bob, I don't think they are really going to buy back shares -
I think the PR today was to warn the shorts that KL can now come into
the market and buy a half a million shares any time any day, when
the shorts decide to attack like today, and break their backs.
That would be nice to see.
IMHO
Note Ex... The NCIB allowed;
ex. Kirkland Lake Gold to purchase up to 20,989,692 common shares
of the Company (the “Shares”), representing 10% of the
current issued and outstanding Shares in the public float as of
May 22, 2019.
Kirkland Lake Gold Renews Normal Course Issuer Bid
May 27 2019
Download this Press Release PDF Format (opens in new window)
TORONTO, May 27, 2019 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce that it has received acceptance from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”).
The NCIB allows Kirkland Lake Gold to purchase up to 20,989,692 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 22, 2019. As at May 22, 2019, the Company had 210,011,669 Shares issued and outstanding.
https://www.klgold.com/news-and-media/news-releases/press-release-details/2019/Kirkland-Lake-Gold-Renews-Normal-Course-Issuer-Bid/default.aspx
God Bless America
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