Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has announced the start of a share buyback programme for up to £2.7 million of shares.
It will be funded out of existing cash, executed by stockbroker Canaccord Genuity and acquired shares will be cancelled.
“We believe [the buyback] is the right thing to do for Arrow and our shareholders, and it reflects the confidence we have in the 2025 program and the future of Arrow." chief executive Marshall Abbott said in a statement.
"The company will begin buying back and cancelling shares in the coming months. The market will be updated at each share purchase to make the program as transparent as possible."