Eagle Royalties Announces Share Buy-Back

Eagle Royalties Ltd. (CSE:ER) has announced the filing of a Notice of Normal Course Issuer Bid (NCIB) to purchase up to 2,853,016 common shares, representing approximately 5.96% of its current public float. The company may repurchase a maximum of 5,909 shares daily on the open market through the CSE and other alternative markets.

The initiative allows Eagle Royalties to buy shares at prevailing market prices to be determined by market conditions. The company believes this move will reflect the intrinsic value of its assets, benefiting remaining shareholders.

The NCIB will commence on September 19, 2024, and conclude by September 17, 2025, unless completed or terminated earlier. Haywood Securities has been retained as the broker for this NCIB.