Melcor Developments Ltd. (TSX:MRD) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,525,527 shares, representing 5% of its outstanding shares. The repurchased shares will be cancelled.

The bid will expire on June 6, 2025. As of May 31, 2024, the company had 30,510,542 shares are issued and outstanding.