Minco Gold Corp. Announces Commencement of Normal Course Issuer Bid
![Minco Gold Corp. Announces Commencement of Normal Course Issuer Bid](https://www.minenportal.de/media/goldseiten-news.jpg)
Minco Gold believes that the market price of its Common Shares may not reflect their underlying value and the Board of Directors has authorized this initiative because, in the Board's opinion, the proposed purchase of Common Shares pursuant to the NCIB constitutes an appropriate use of Minco Gold's funds, and the repurchase of its Common Shares are expected to benefit all remaining shareholders by increasing their equity interest in the Company.
The TSXV allows for purchase up to 2% of Common Shares in a given 30-day period. No purchases will be made other than by means of open market transactions or by such other means as may be permitted under applicable securities laws during the term of the Bid. The shares purchased by the Company will be returned to treasury for cancellation.
Raymond James Ltd. will conduct the bid on behalf of the Company. To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell any common shares under the Bid.
Shareholders can obtain a copy of the Notice of Intention to Make a Normal Course Issuer Bid, without charge, by contacting the Company.
About Minco Gold
Minco Gold Corp. (TSXV:MMM / OTCQX: MGHCF / FSE:MI5) is a Canadian company focused on identifying high-quality investment opportunities, primarily in publicly traded and privately held corporations as well as direct ownership stakes in resource projects. The Company owns 11 million shares of Minco Silver Corp.. For more information on Minco Gold, please visit the website at www.mincogold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Minco Gold Corp.
Contact
2060 - 1055 W. Georgia St.
Vancouver, BC, Canada, V6E 3R5
Tel: (604)688-8002, Toll Free: (888)288-8288
Fax: (604)688-8030
E-mail: pr@mincomining.ca
Website: www.mincogold.com