Junior Richmont Mines (TSE) believes its shares are undervalued and has taken action to reverse the situation.
The company has notified the Toronto and Montreal stock exchanges that it intends to make a “normal course issuer bid for up to 5% of its outstanding common shares.
The purchase, representing up to 726,000 shares, was expected to begin on Nov. 30 and may extend to Nov. 29 of next year.
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