Gold Reserve (GRZ.V) plans to start a normal-course issuer bid, it said after markets closed Thursday.
The company expects the NCIB to allow it to buy back and cancel up to around 7.39-million shares, 5% of its issued and outstanding shares,.
The buyback will begin on Sept. 4 and run for 12 months.
The company's shares closed up CA$0.01 to CA$6.66 Thursday on the TSX Venture Exchange.
New Pacific Metals (NUAG.TO) after trade Thursday reported a fiscal fourth-quarter net loss attributable to equity holders of $0.01 per share, unchanged from a year ago.Four analysts polled by FactSet expected the company to post earnings of nil per share.The company said its working capital stood at $37.76 million.The company's shares closed down CA$0.01 to CA$9.25 on the Toronto Stock Exchange.
AGF Management (AGF-B.TO) Thursday after trade said total assets under management (AUM) and fee-earning assets jumped 31% year over year to CA$74.2 billion as at Aug. 31.This was 1.2% lower than the CA$75.1 billion that was reported on July 31, the company said.AGF shares closed up CA$0.90 at CA$21.61 on the Toronto Stock Exchange.
Definity Financial (DFY.TO) said Thursday it expects catastrophe losses in July and August to reduce underwriting income by about CA$130 million net of reinsurance recoveries.It equals CA$0.79 per share after taxes and reinsurance, the company said.The losses are due to severe rainstorms and flooding in Ontario and Alberta in July, as well as flooding in Ontario and wildfires in British Columbia in August.Definity said its third-quarter catastrophe losses so far are "trending meaningfully" above the full-quarter market consensus estimate of CA$93 million. The company plans to provide a finalized update for the quarter in the first half of October.The company's shares closed down CA$1.29 to CA$73.65 on the Toronto Stock Exchange.