Major Drilling Announces Normal Course Issuer Bid
MONCTON, New Brunswick, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), the largest provider of specialized drilling services to the mining sector, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid (the “NCIB Program”) to purchase outstanding common shares of Major Drilling (the “Common Shares”) on the open market in accordance with the rules of the TSX. Any such purchases will occur from time to time and in aggregate up to 4,097,159 Common Shares (being approximately 5% of the issued and outstanding Common Shares of Major Drilling) over a 12-month period commencing on October 21, 2025 and terminating on October 20, 2026. As of October 14, 2025, Major Drilling had 81,943,186 Common Shares issued and outstanding.