Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
No common shares of the Company were repurchased by the Company or purchased by “affiliated purchasers” as defined in Rule 10b-18(a)(3) under the Exchange Act during the quarter ended June 30, 2024.
On April 18, 2023, the Company announced a new common share repurchase program pursuant to which the Company is authorized to repurchase a maximum aggregate value of $13.5 million of its outstanding common shares through April 25,2025. As of June 30, 2024, no common shares had been repurchased under this repurchase program. The new repurchase program replaced the Company’s prior share repurchase program which authorized the Company to repurchase up to a maximum value of $13.5 million of its outstanding common shares through April 18, 2024 (with an aggregate of $1.5 million repurchased prior to the expiration and replacement of such repurchase program).
Item 3. Defaults Upo n Senior Securities
None
Item 4. Mine Saf ety Disclosures
Not applicable
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