Premier Gets TSX Go-Ahead For Share Purchases
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Premier Gold Mines Ltd. (TSX: PG) has received approval from the Toronto Stock Exchange to purchase up to 19,599,646 of its outstanding common shares under a “normal course issuer bid.” The company says purchases may begin Tuesday and terminate on July 24, 2018, or earlier if the bid is complete. The number of shares under the purchase program represents 10% of the “public float,” Premier says. “The board of directors has determined that the bid is an effective use of the company's financial resources when its common shares trade at a significant discount to their underlying value,” Premier adds.