Lowell Resources Fund (ASX:LRT) announces a share repurchase program. Under the program, the fund will repurchase up to 10% of its issued share capital. The units are repurchased as part of the ongoing capital management process. The shares will be repurhased at a price of not more than 5% above the units volume Weighted average market price calculated over the last 5 days on which sales were recorded. The purpose of the program is to enhance unit holder returns and capital efficiency, and maintaining balance sheet flexibility to pursue future growth and investment opportunities. The buy-back will be funded by existing cash balances. The program will run over a period of 12 months commencing April 16, 2021. As of April 16, 2021, the company has 2,797,239 units in issue. Morgans Financial Ltd acted as broker to the company.