Olive Resource Capital Inc. (TSXV:OC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 10,466,520 common shares, representing 9.45% of its issued and outstanding shares. The shares repurchased pursuant to the bid will be cancelled.

Purchases pursuant to the Bid are expected to be made with existing working capital. The bid will expire on December 15, 2023, 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 December 14, 2022, the company has 110,768,709 common shares issued and outstanding.