Goran announces stock repurchase plan

Specialty insurer Goran Capital Inc. (TSE: GNC) has gained approval from U.S. stock exchange officials to buy back its own stock equal to US$500,000. An application for approval has also been filed with the TSE. The stock repurchase program will enable the company to acquire shares through the open market at any point without restrictions over the next two years. The repurchase plan is effective immediately in the U.S., the company says.