King River Resources (ASX: $KRR) on-market share buy-back update

King River Resources Limited (ASX: $KRR) has issued a correction to a previous announcement regarding the on-market buy-back of its ordinary fully paid securities. The update, released on 14/8/2024, removes the broker name Commonwealth Securities Limited at Part 3A.6, clarifying that there is no broker for the on-market share buy-back.

Executive Commentary on the On-Market Share Buy-Back

The correction to the previous announcement reflects our commitment to transparent and accurate communication with our stakeholders. We want to ensure that all information regarding the on-market share buy-back is clear and precise. This update removes any confusion regarding the involvement of a broker in the buy-back process. We remain dedicated to executing the buy-back in accordance with legal requirements and in the best interest of our shareholders.

Summary of King River Resources' On-Market Share Buy-Back Update

King River Resources Limited (ASX: $KRR) has provided a correction to a previous announcement regarding the on-market buy-back of its ordinary fully paid securities. The update, released on 14/8/2024, removes the broker name Commonwealth Securities Limited at Part 3A.6, clarifying that there is no broker for the on-market share buy-back. The company intends to buy back a maximum of approximately 155,352,495 ordinary shares, which is 10% of the lowest number on issue during the previous 12 months. The buy-back is planned to commence on 25/7/2023 and end on 24/7/2025. King River Resources reserves the right to vary the terms, suspend, or terminate the buy-back at any time, subject to and in accordance with legal requirements. The company's commitment to transparent and accurate communication with stakeholders is evident in this update, reflecting its dedication to executing the buy-back in the best interest of its shareholders.