Hars files normal course issuer bid
Hars Systems Inc HSS
Shares issued 15,796,296 May 18 close $0.85
Wed 19 May 99 News Release
Mr. Kelly Blake reports
The Vancouver Stock Exchange has accepted notice, filed by the company, of
its intention to make a normal course issuer bid.
The notice provides that the company may, during the 12 month period
commencing May 25, 1999, purchase on the exchange up to 789,814 common
shares in total, being 5 per cent of the company's 15,796,296 outstanding
common shares. The price, which the company will pay for any such shares
will be the market price at the time of acquisition. The actual number of
common shares, which may be purchased and the timing of any such purchases
will be determined by the company. Common shares purchased pursuant to the
normal course issuer bid will be cancelled.
The company believes that a repurchase of common shares by way of normal
course issuer bid will have a long-term positive effect on the market value
of the common shares, and therefore on shareholder value.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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