Melcor Developments receives approval for share buyback program

Go back to Melcor Developments receives approval for share buyback program

Melcor Developments Ltd. Announces Normal Course Issuer Bid

June 8, 2026 8:01 AM EDT

EDMONTON, Alberta, June 08, 2026 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and on alternative trading systems including: Alpha ATS, Omega ATS, Pure Trading, CHI-X Canada, CX2 and MATCH Now (Triact Canada).

The notice provides that Melcor may, during the twelve-month period commencing June 10, 2026 and ending June 9, 2027, purchase for cancellation up to 1,499,317 common shares in... More