Ezenet Corp - News Release
Ezenet to buy back shares
Ezenet Corp EZE
Shares issued 13,832,248 2000-09-29 close $6.1
Monday Oct 2 2000 News Release
Mr. Andre Mazerolle reports
The Toronto Stock Exchange has accepted Ezenet's notice to make a normal course issuer bid to purchase, from time to time, as it considers advisable, up to a maximum of 690,000 of its issued and outstanding common shares for cancellation. These purchases will be made on the open market through the facilities of the Toronto Stock Exchange. The price which Ezenet will pay for any shares purchased by it will be the prevailing market price of such shares on the Toronto Stock Exchange at the time of such purchase.
There are currently 13,832,248 common shares of the corporation outstanding.
The bid will commence on Oct. 5, 2000, and will terminate on Oct. 4, 2001, or such earlier time as the bid is completed or terminated at the option of Ezenet.
Ezenet believes that the current and recent market prices of its common shares may not reflect their underlying value and that, at such times, the purchase of common shares will increase the proportionate interest of, and be advantageous to, all remaining shareholders. Any normal course of purchases made by Ezenet will also afford an increased degree of liquidity to those shareholders of Ezenet who wish to dispose of their common shares. |
