Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: RIK who wrote (6238)	4/10/1999 7:45:00 PM
From: RIK	Read Replies (1) of 24892

A COMPANY that is actually buying back it's own paper !!!! Pursuit Resources Inc PUT Friday Apr 9 1999 Mr. D. Nolan Blades reports Pursuit has filed a notice with the Toronto Stock Exchange of its intention to renew its current normal course issuer bid. The maximum number of common shares that Pursuit may acquire under the renewed bid is 1,245,000 shares, representing approximately 5 per cent of the 24.9 million shares that are currently outstanding. Pursuit has had a normal course issuer bid in place since April 11, 1997, which expires April 12, 1999. Over the past 12 months, Pursuit has acquired 444,800 common shares at an average price of 1.46 pursuant to the bid. All of the common shares acquired have been cancelled, and all of the common shares that are acquired under the renewed bid will be cancelled. Pursuit intends to commence the renewed bid on April 13, 1999, and terminate the bid on April 12, 2000.

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