ENP Newswire -
Release date- 21022014 -
At the time of filing the Notice, the Board of Directors of the Corporation was of the belief, and continues to be of the belief, that the purchase of Class I Shares from time to time at appropriate prices will minimize any dilution resulting from the exercise of stock options to purchase Class I Shares and is an advantageous use of the Corporation's funds.
The aggregate number of Class I Shares that the Corporation may purchase under the NCIB during any trading day is subject to a maximum daily purchase limit of 24,876 Class I Shares (being 25% of the average daily trading volume for the six calendar months preceding the date of the acceptance of the Notice) from
Any Class I Shares purchased pursuant to the Notice will be cancelled. Class I Shares will be purchased at the market price of the Class I Shares at the time of purchase and will be purchased on behalf of the Corporation by a registered investment dealer through the facilities of the Exchange and any alternate trading systems through which trades of the Class I Shares may be effected under applicable securities laws. Any purchase of Class I Shares pursuant to the NCIB will be financed out of cash and working capital of the Corporation.
The Corporation purchased 62,000 Class I Shares at an average trading price of
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'anticipate', 'plan', 'expect', 'may', 'will', 'intend', 'should', and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation's expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Senior Vice President
Tel: (403) 292-7502
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