Business News • MarketWire • Quest Announces Commencement of Substantial Issuer Bid and Mailing of Issuer Bid and Special Meeting Circulars |
Quest Announces Commencement of Substantial Issuer Bid and Mailing of Issuer Bid and Special Meeting Circulars |
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Quest Announces Commencement of Substantial Issuer Bid and Mailing of Issuer Bid and Special Meeting Circulars
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2010) - Quest Capital Corp. ("Quest" or the "Corporation") (TSX:QC)(NYSE Amex:QCC) announced today that it has formally commenced its previously announced substantial issuer bid (the "Offer"), pursuant to which it is offering to purchase for cancellation from the holders of common shares of the Corporation (the "Shares") up to Cdn$60,000,000 in value of its Shares. The Offer has been structured as a modified "Dutch Auction" pursuant to which shareholders may deposit all or a portion of their Shares pursuant to (i) auction tenders in which the shareholder specifies a price of not less that $1.35 and not more than $1.60 per Share, in increments of $0.01 per Share, or (ii) purchase price tenders in which the shareholder does not specify a price per Share, in which case such shareholder's Shares will be
View More : http://www.marketwire.com/mw/release.do?id=1294654&sourceType=3
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