Olive Resource Capital Inc. (TSXV:OC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 10,153,620 common shares, representing 9.3% of its issued and outstanding shares. The shares repurchased pursuant to the bid will be cancelled.

The repurchases pursuant to the bid are expected to be made with existing working capital. The bid will expire on January 17, 2025, or on an earlier date in the event that the maximum number of common shares sought in the normal course issuer bid has been repurchased. As of January 15, 2024, the company has 109,174,709 common shares issued and outstanding.