Petrominerales May Buy Back Up to 10% of Public Float
Stock Chart for Petrominerales Ltd (PMG)
(Corrects to say buyback plan applies to public float in headline and first paragraph.)
Petrominerales Ltd. (PMG), a Calgary-based oil company that operates in the Andean region, said Toronto Stock Exchange accepted its plan to buy back as many as 8,377,935 common shares, or about 10 percent of the public float, according to a press statement today.
Petrominerales may buy as many as 178,469 shares per day from June 1 to May 31, 2013, and shares bought under the plan will be canceled, the company said.
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