Total Telcom Declares Return of Capital
November 05 2010 - 3:00PM
PR Newswire (Canada)
KELOWNA, BC and EDMONTON, Nov. 5 /CNW/ -- KELOWNA, BC and EDMONTON,
Nov. 5 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) is pleased to
announce today that it will be issuing a return of capital equal to
$.08 per share. The record date has been set for November 5, 2010
with a payment date of November 19, 2010. No tax forms will be
issued. CEO Neil Magrath stated, "Management has been negotiating
with a number of potential mergers and acquisitions, in each
situation it was expected that we would discount our cash position
to reflect what the stock was trading at. This return of capital to
the shareholders is part of a strategic reorganization to further
maximize shareholder value." Trading symbol: TTZ: TSX Venture
"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release." pcontact the Corporation at
877-860-3762 (Ext 807)/p
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