Luca Mining (LUCA.V) on Thursday said it will launch a normal course issuer bid, to repurchase and cancel up to 13.75-million shares, approximately 5% of the current issued and outstanding shares.
The NCIB is expected to being on May 21 and run for 12 months.
Shares of the company closed down $0.06 at $1.3 on TSX Venture Exchange on Thursday.