MBN Corporation Announces Normal Course Issuer Bid
September 10 2012 - 8:00AM
PR Newswire (Canada)
TORONTO, Sept. 10, 2012 /CNW/ - MBN Corporation (formerly
Middlefield Tactical Energy Corporation) announced that it has
filed a notice with the Toronto Stock Exchange (the "TSX") and
received its approval to make a normal course issuer bid ("NCIB")
for its equity shares through the facilities of the TSX. This
NCIB will commence on September 12, 2012 and will terminate on
September 11, 2013. The Fund had 2,486,382 equity shares issued and
outstanding as at August 30, 2012. The Fund may, during the
12 month period commencing September 12, 2012 purchase on the TSX
up to 183,703 equity shares, being 10% of the public float and may
not, in any 30 day period, purchase more than 49,727 equity shares,
being 2% of the equity shares issued and outstanding. The
Fund will cancel all equity shares purchased pursuant to the
bid. As at August 30, 2012 the Fund had purchased 31,700
equity shares at an average price of $5.19 per equity share under
its previously approved normal course issuer bid. The Fund is
implementing the NCIB to allow it to purchase equity shares if and
when it makes sense to do so. MBN Corporation trades on the Toronto
Stock Exchange under the symbol "MBN" (formerly "OCF"). MBN
Corporation CONTACT: visit our website at www.middlefield.com or
contact theundersigned:Nancy ThamManaging Director, Sales and
Marketing(416) 847-5349
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