Exclamation Investments Corporation Announces Normal Course Issuer Bid
July 21 2010 - 4:01PM
PR Newswire (Canada)
TORONTO, July 21 /CNW/ -- /THIS PRESS RELEASE IS NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS
WIRE SERVICES./ TORONTO, July 21 /CNW/ - Exclamation Investments
Corporation (the "Corporation" or "Exclamation") announced today
that the TSX Venture Exchange ("TSXV") has accepted its notice to
conduct a normal course issuer bid to purchase a portion of the
issued and outstanding common shares in the capital of the
Corporation (the "Common Shares") (TSXV: XI) through the facilities
of the TSXV. There are currently 27,838,387 Common Shares issued
and outstanding. Under the normal course issuer bid, the
Corporation intends to purchase up to 1,391,919 Common Shares,
representing approximately 5% of the issued and outstanding Common
Shares. Notwithstanding the foregoing, pursuant to the policies of
the TSXV, the Corporation may not purchase more than 556,768 Common
Shares, being approximately 2% of the issued and outstanding Common
Shares as of the date hereof. ScotiaMcLeod Inc. is the appointed
dealer through which the bid will be conducted. The bid will
commence on July 26, 2010 and will terminate on July 25, 2011 or
such earlier time as the bid is completed or terminated at the
option of the Corporation. The price that the Corporation will pay
for any such Common Shares will be the prevailing market price of
such Common Shares on the TSXV at the time of such purchase. The
Common Shares so purchased will be cancelled. The Corporation has
not made any previous purchases of Common Shares under a normal
course issuer bid. Exclamation believes that, from time to time,
the market price of the Common Shares may not fully reflect their
underlying value and at such times the purchase of Common Shares
would be in the best interests of Exclamation, as such purchases
would increase the proportionate interest of, and be advantageous
to, all remaining shareholders. NEITHER THE TSX VENTURE EXCHANGE
NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. %SEDAR: 00026639E
Exclamation Investments Corporation: Marc Lavine, Chief Executive
Officer, Daniel Shields, Chief Financial Officer, t: 1 (888)
838-1666, e: info@exclamationinvestments.com, w:
www.exclamationinvestments.com
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