Inter-Rock Announces Normal Course Issuer Bid for Common Shares

Core Viewpoint - Inter-Rock Minerals Inc. has announced a normal course issuer bid (NCIB) to purchase up to 1,000,000 common shares, representing approximately 4.6% of its outstanding shares, to enhance shareholder value and liquidity [1][4]. Group 1: NCIB Details - The NCIB will commence on or about August 29, 2025, and will last for twelve months, terminating upon the purchase of 1,000,000 shares, a notice of termination, or on August 28, 2026, whichever comes first [2]. - Purchases will be conducted on the open market through the TSX Venture Exchange or other permitted trading systems, with all shares purchased being cancelled [3]. - The funding for the NCIB will come from the company's working capital, and the actual number of shares purchased will be at the discretion of the board of directors [3]. Group 2: Rationale for NCIB - The company believes that its share price does not reflect its underlying value and future prospects, making the share buyback an appropriate use of financial resources [4]. - By purchasing shares at prices below their underlying value, the NCIB aims to increase the ownership proportion for remaining shareholders and provide liquidity for those wishing to sell [4]. Group 3: Previous NCIB Performance - The previous NCIB, which ran from August 21, 2024, to August 20, 2025, resulted in the purchase of 228,000 common shares at an average price of $0.81 per share [6].