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Gold/Mining/Energy : Calian Technology a Company with infinite growth potential
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To: John Sladek who wrote (60)10/22/1998 6:39:00 PM
From: John Sladek  Read Replies (1) of 132
 
October 22, 1998 - Intention To Make Normal Course Issuer Bid

Calian Technology Ltd. ("Calian") announced its intention to make a normal course issuer bid through the facilities of The Toronto Stock Exchange. Repurchases will not exceed 442,547 common shares, representing 5 percent of the 8,850,938 common shares issued and outstanding as of September 30, 1998. The issuer bid will commence on October 26, 1998 and will not extend beyond October 25, 1999. In no event will Calian purchase in any given 30 day period during the course of the bid more than 2 percent of the common shares issued and outstanding as at the commencement of this bid.

The common shares may be repurchased on The Toronto Stock Exchange at market prices. Calian believes that a purchase of its common shares constitute an appropriate use of its general funds in order to increase shareholder equity. The current strong cash position of Calian allows Calian to implement the repurchase plan without adversely impacting Calian's operations. All common shares purchased by Calian will be cancelled. Calian has not repurchased any common shares within the past 12 months.

Calian Technology Ltd.'s mission is to maximize shareholder value through the provision of diversified technology and professional services. Our vision is to be the most desirable Canadian technology and professional services provider to work for, buy from and invest in.

TEL: (613) 599-8600 Calian Technology Ltd.

Shaun McEwan EMAIL: s.mcewan@calian.com INET: www.calian.com
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