Business
AKITA Drilling Ltd. Announces Automatic Share Repurchase Plan Under Normal Course Issuer Bid
CALGARY , Dec. 23, 2013 /CNW/ - AKITA Drilling Ltd. today announced that it has establis...
About this update from Akita Drilling Ltd. Class A
[{"type":"text","content":"\n\n\nCALGARY, Dec. 23, 2013 /CNW/ - AKITA Drilling Ltd. today announced that\n it has established an automatic share repurchase plan with a designated\n broker to facilitate the repurchase of Class A Non-Voting Shares under\n AKITA's current normal course issuer bid. The plan has been reviewed by\n the Toronto Stock Exchange (\"TSX\") and will be implemented effective\n December 23, 2013. The plan permits the AKITA's broker to repurchase\n Class A Non-Voting Shares under the normal course issuer bid at any\n time, including during internal blackout periods and/or when AKITA is\n in possession of undisclosed material information, without the control\n or influence of the company, subject to certain price limitations and\n other parameters prescribed by the plan.\n\n\nAKITA'S normal course issuer bid commenced on May 30, 2013 and\n terminates on May 29, 2014.  As of December 23, 2013, AKITA has\n repurchased 7,165 Class A Non-Voting Shares under the bid.\n\n\nForward-Looking Information: Certain statements contained in this news\n release may constitute forward-looking information. Forward-looking\n information is often, but not always, identified by the use of words\n such as \"anticipate\", \"plan\", \"estimate\", \"expect\", \"may\", \"will\",\n \"intend\", \"should\", and similar expressions. Forward-looking\n information involves known and unknown risks, uncertainties and other\n factors that may cause actual results or events to differ materially\n from those anticipated in such forward-looking information. The Company\n believes that the expectations reflected in the forward-looking\n information are reasonable, but no assurance can be given that these\n expectations will prove to be correct and such forward-looking\n information should not be unduly relied upon. In particular, there can\n be no assurance that a transaction will be completed. Any\n forward-looking information contained in this news release represents\n the Company's expectations as of the date hereof, and is subject to\n change after such date. The Company disclaims any intention or\n obligation to update or revise any forward-looking information whether\n as a result of new information, future events or otherwise, except as\n required by applicable securities legislation.\n\n\nAKITA is an Alberta corporation engaged in the contract drilling\n busines...