Can someone explain just exactly what this news release means.
Thursday July 17 4:47 PM EDT
Company Press Release
Mytec Technologies Inc. Makes Course Issuer Bid
TORONTO--(BUSINESS WIRE)--July 17, 1997-- MYTEC TECHNOLOGIES I(TSE MYT. ) Mytec Technologies Inc. is
listed on the Toronto Stock Exchange (''Mytec'', trading symbol MYT). Management for the Company announces that the
Company intends to make a normal course issuer bid through the facilities of the Toronto Stock Exchange commencing on July
23, 1997 and terminating on July 22, 1998. A maximum of 1,154,739 common shares of the Company may be acquired which
represents 5% of the 23,094,780 currently issued and outstanding shares. The shares will be purchased to retire equity of the
company which, in the company's opinion, represents a good use of its funds.
Gordon F. Lee, President and Director
On behalf of the Board
Authorized Signatory
Contact:
Mytec Technologies Inc.
Brenda Lawless, 416/467-9738, ext 222
416/467-5368 (FAX) |
