ENP Newswire -
Release date- 15082014 -
As per the TSX approval, Calvalley is authorized and intends to purchase up to 3,000,000 Common Shares representing approximately 7% of the public float of Common Shares. Unless Calvalley is utilizing a Block Purchase Exemption, as permitted by the TSX, purchases are subject to a daily purchase restriction equal to 25% of the average daily trading volume (the 'ADTV') of the Common Shares over the past six calendar months. The ADTV is 41,335 shares which sets the daily purchase restriction to a maximum of 10,333 Common Shares per trading day. As of
Calvalley is authorized to make purchases during the period of
Calvalley's Board of Directors believes, from time to time, the market price of its Common Shares may not reflect their underlying value. The Company acquired 1,451,640 Common Shares at an average cost of
Calvalley is an international oil and gas company, with offices in
Certain statements contained in this release constitute forward-looking information. These statements relate to future events or Calvalley's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Calvalley's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
In particular, Calvalley's stated intention to purchase its Common Shares and the number of Common Shares that may be purchased pursuant to the normal course issuer bid are statements containing forward looking information.
Calvalley's annual information form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, uncertainties and other factors, such as changes in business plans and potential delays or changes in plans with respect to development projects or capital expenditures, that could influence actual results.
Calvalley disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
Chairman and CEO
Tel: +1 (403) 297-0490
Most Popular Stories
- Doctor Who Christmas Episode Begins Production
- HCL America Adding 1,200 IT Jobs
- Medical Mfg. Jobs Coming to Dayton
- Michael Jackson, Freddie Mercury on Previously Unreleased Queen Cut
- Longtime Unemployed to Get Help in Las Vegas
- SpaceX Aims for Predawn Launch on Saturday
- Women Key to Democratic Party: Clinton
- U.S. Chamber Caught Up in Tax Inversion Question
- Feds Won't Say How Many Border Crossers Jailed
- Christie Didn't Order Bridge Shut Down, Feds Say