07:10 AM EST, 12/16/2024 (MT Newswires) -- Genesis Land Development ( GNLAF ) over the weekend said the Toronto Stock Exchange has accepted its notice to renew its Normal Course Issuer Bid (NCIB) for a one year period.

Genesis may buy back up to 2.84 million shares from Dec. 18, for one year, and at a maximum purchase price of $3.75 each, for up to $10.6 million.

Under its current NCIB, which expires Dec. 17, the company bought back 19,800 shares at an average $2.35 per share.