Akita Drilling launches NCIB to buy back up to 2,870,044 shares

Reuters2026/08/06 22:15

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akita Drilling Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Akita Drilling launches NCIB to buy back up to 2,870,044 shares

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