Verdera Resets Buyback at 6.39M Shares After Administrative Oversight
VANCOUVER – November 02, 2026 -- Verdera Energy Corp. (TSXV: V) will buy back up to 6,389,047 common shares for cancellation under a new normal course issuer bid, up from the 3,793,152-share cap in the bid it terminated on October 30, 2026.
Prior bid capped on pre-distribution share count
The company said it sized the Previous NCIB on its capitalization and public float immediately before the distribution of 35,000,000 Verdera common shares to enCore Energy Corp. shareholders. That distribution closed on September 30, 2026. Verdera attributed the miscalculation to an administrative oversight. The issuance was predetermined when the Previous NCIB launched on September 29, 2026.
The Previous NCIB was authorized for up to 3,793,152 shares, about 10% of a 37,931,520-share public float and about 5% of 75,782,993 shares outstanding as of September 23, 2026.