Marcman, just noticed this, some more fuel for the fire(RRSP)?
PS: Check out Wajax WJX-TSE also......Scott
Canadian Corporate News - Pointcast Network Canada Goodfellow Issues Normal Course Issuer Bid 13:51 EST Friday, August 8, 1997
Canadian Corporate News
DELSON, QUEBEC--Goodfellow Inc. of Delson, Quebec, announced today that the Board of Directors of the Company had authorized a normal course issuer bid for up to 202,956 common shares, being 5 percent of the 4,059,127 common shares of the Company, during the period from August 12th, 1997 to August 11th, 1998, such purchases to be made on the open market through the facilities of The Montreal Exchange. The Company has not in the last 12 months purchased any of its shares.
To Goodfellow's knowledge, after reasonable inquiry, none of the directors, officers or other insiders of Goodfellow or any associate of any such persons, or any associate or affiliate of Goodfellow or person acting jointly or in concert with Goodfellow or any person holding 10 percent or more of any class of equity securities of Goodfellow currently intend to sell shares of Goodfellow during the course of the Bid.
The purpose of the offer includes the Company's opinion that the common shares remain undervalued in relation to equity assets and earnings, and that under these circumstances, there is no reason to dilute existing shareholders as the result of the exercise of executive options.
Goodfellow Inc. is Eastern Canada's largest independent re- manufacturer and distributor of lumber products. Goodfellow shares are listed on the Montreal Exchange under the symbol GDL. The company celebrates its 100th anniversary next year.
c Canadian Corporate News - 1997 |
