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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)

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To: gg cox who wrote (749)12/2/2002 7:09:41 PM
From: gg cox  Read Replies (1) of 960
 
News... Share Buy Back..
Lifted off of Stockhouse...
stockhouse.com;

NEWS....

Capital Alliance Group Inc. today reported that it has filed a notice of intention to make a normal course issuer bid (the"Notice") to buy back up to 750,000 of its common shares (representing approximately 4% of its issued and outstanding share capital) through the facilities of and in accordance with the policies of the TSX Venture Exchange. The company is acquiring its shares because it believes that its stock is currently undervalued. No previous repurchases have been made.

Purchases will commence on the first trading day after the TSX Venture Exchange has accepted the filing of the Notice and will continue for up to one year. Purchases made pursuant to the bid will be conducted through Canaccord Capital Corporation on behalf of Capital Alliance Group Inc.
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