VANCOUVER, British Columbia, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre"), a growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua, announced today that it intends to make a normal course issuer bid (the “Bid” or “NCIB”) to repurchase, on the open market through the facilities of the Toronto Stock Exchange (“TSX”), other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable Canadian securities laws, certain of its outstanding common shares (“Shares”).

Darren Hall, President, and Chief Executive Officer of Calibre stated: “After investment we continue to grow our cash position which at September 30, 2023 was US$97 million, a 72% increase this year. Given our robust cash position we will review the opportunity over the next 12 months to purchase up to 10% of our public float. We believe that the purchase of Calibre common shares under the NCIB is a responsible use of available cash and in the best interests of the Company, since the market prices, from ... see & read more on
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/523-tsx/cxb/149817-calibre-mining-announces-normal-course-issuer-bid.html