Mandalay Resources Corporation announces an Equity Buyback for 4,622,835 shares, representing 5% of its issued share capital.

Mandalay Resources Corporation (TSX:MND) announces a share repurchase program. Under the program, the company will repurchase up to 4,622,835 common shares, representing 5% of its issued share capital. The repurchases will be funded through surplus cash available from company's operations.

All shares repurchased will be cancelled. As of January 13, 2023, the company had 92,456,701 shares issued and outstanding. The plan will be valid till January 17, 2024.