Business News • MarketWire • Mosaic Capital Corporation Announces Commencement of Normal Course Issuer Bid and Market Purchases of Preferred Securities |
Mosaic Capital Corporation Announces Commencement of Normal Course Issuer Bid and Market Purchases of Preferred Securities |
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Mosaic Capital Corporation Announces Commencement of Normal Course Issuer Bid and Market Purchases of Preferred Securities
CALGARY, ALBERTA--(Marketwire - May 19, 2011) - Mosaic Capital Corporation (TSX VENTURE:MZ)(TSX VENTURE:MZ.PR.A) ("Mosaic") announced today that it has obtained the approval of the TSX Venture Exchange (the "TSXV") to commence a normal course issuer bid (the "Bid") for its common shares (the "Shares") (Symbol: MZ) beginning on May 25, 2011 and that it will also commence market purchases of its preferred securities ("Preferred Securities") (Symbol: MZ.PR.A). Mosaic believes that if the market price of the Shares or Preferred Securities does not fully reflect their underlying value that the purchase of such securities could be an attractive and appropriate use of corporate funds in light of potential benefits to remaining shareholders and holders of Preferred Securities.
View More : http://www.marketwire.com/mw/release.do?id=1517162&sourceType=3
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