Orbit Garant Drilling Announces Share Buyback Program
Orbit Garant Drilling (OGD:CA) has officially launched a normal course issuer bid to repurchase its common shares. The drilling services company intends to purchase up to 500,000 common shares during the program. This buyback represents approximately 1.3% of the company's outstanding common shares. Such programs are typically used by companies to return capital to shareholders and manage share supply in the market.
