CCL Industries (CCL-A.TO) has secured clearance from the Toronto Stock Exchange to renew its normal course issuer bid, the company said Friday.
Under the bid, the company can acquire up to 14.10-million of its class B non-voting shares or 10.00% of the public float of its class B non-voting shares.
The bid will commence May 26 and end May 25, 2027, or earlier.
Management believes that such share purchases are an appropriate and desirable use of available funds, the company said.
Abcourt Mines (ABI.V) after trade on Thursday said its third-quarter loss widened year-over-year.The company's loss stood at $7.7 million, or $0.01 per share, in the period, compared with a loss of $5.5 million, or $0.01, a year ago.Revenue for the quarter ended March 31 was $7.9 million. Prior-year figures were not available.The company said during the quarter, it continued developing mining operations at Sleeping Giant. Expenses included preparing and rehabilitating tunnels for future production, maintaining facilities and equipment, and hiring staff."The development of the Sleeping Giant mine continues to progress towards commercial production. Several developments are underway and will continue in the coming months to access multiple work sites and increase production flexibility and pace," Chief Executive Pascal Hamelin said.Abcourt shares closed up $0.005 to $0.09 on the TSX Venture Exchange.