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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (616)	3/15/2013 1:44:04 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

PRY-V on tear...

To: Goose94 who wrote (616)	6/5/2013 10:02:03 AM
From: Goose94	Read Replies (2) \| Respond to of 202700

Pinecrest Energy (PRY-V) plans buyback June 5, 2013 - News Release Pinecrest Energy Inc., subject to the TSX Venture Exchange approval, intends to commence a normal course issuer bid to purchase, from time to time, as it considers advisable, up to 19,559,679 common shares (which is equal to 10 per cent of the public float) on the open market through the facilities of the TSX-V. Cormark Securities Inc. has been engaged to conduct the Bid on behalf of Pinecrest. The price that Pinecrest will pay for any common shares under the Bid will be the prevailing market price on the TSXV at the time of purchase. Common Shares acquired under the Bid will be subsequently cancelled. The Bid will commence upon the receipt of approval from the TSXV and will terminate one year from such date or such earlier date as the Bid is completed or terminated at the option of Pinecrest. The Company believes that the purchase of its shares at recent market prices is an appropriate use of available cash, as management believes recent market prices of its shares do not fully reflect the underlying value of its assets and business, and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. To the knowledge of the Company, no director or senior officer of the Company currently intends to sell any common shares into the Bid.