Akita Drilling launches NCIB to buy back up to 2,870,044 shares
Reuters2026/08/06 22:15- Akita Drilling launched a normal course issuer bid to buy back up to 2,870,044 common shares, about 5% of shares outstanding.
- Program runs Aug. 11, 2026 to Aug. 10, 2027; purchases to be made on the TSX at prevailing market prices.
- Shares repurchased under the bid will be cancelled; funding to come from working capital.
- Average daily volume was 102,107 shares; daily repurchase limit set at 25,526 shares.
- Under the prior buyback, 1,617,573 common shares were repurchased through July 31 at a weighted average CAD 2.46.
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