Snow Lake Resources Ltd. announced that its board of directors has authorized a share repurchase program for up to US$10 million. The company initially intends to acquire up to 4,926,476 common shares.
The board believes that the market price of the common shares may not always reflect the company's underlying value and growth opportunities. The buyback is considered to be in the best interests of the company and its shareholders, aiming to enhance value and liquidity.
Purchases under the program may commence on March 24, 2025, for an initial period of one month, ending on April 24, 2025. All common shares acquired through open market purchases or privately negotiated transactions will be returned to treasury and cancelled.
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