Business News • MarketWire • Clairvest Announces New Normal Course Issuer Bid |
Clairvest Announces New Normal Course Issuer Bid |
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Clairvest Announces New Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwire - March 4, 2010) - Clairvest Group Inc. (TSX:CVG) today announced that the Toronto Stock Exchange has accepted a notice filed by Clairvest of its intention to make a new normal course issuer bid. Clairvest's current normal course issuer bid expires on March 5, 2010. The notice provides that the Corporation may, during the 12 month period commencing March 6, 2010 and ending March 5, 2011, purchase on The Toronto Stock Exchange up to 797,678 common shares in total, being approximately 5% of the outstanding common shares. The average daily trading volume for the six months ending February 26, 2010 was 994 common shares. The daily repurchase restriction during the course of the bid is 1,000 common shares. Any shares purchased will be cancelled. The price which the Corporation will pay for any such shares will be the market price at the time of acquisition. The actual number o
View More : http://www.marketwire.com/mw/release.do?id=1126770&sourceType=3
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