Business
Amerigo Announces Share Repurchase Program
Amerigo Announces Share Repurchase Program.
About this update from Amerigo Resources Ltd
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Nov. 10 /CNW/ - Amerigo Resources Ltd. (TSX:ARG) announced\ntoday its intention to effect a normal course issuer bid through the\nfacilities of the Toronto Stock Exchange. Under this issuer bid, Amerigo is\nentitled to purchase up to 7,845,154 common shares during the one year period\ncommencing on November 14, 2005 and ending on November 13, 2006.\nAmerigo has 86,225,844 common shares issued and outstanding. The shares\nthat may be repurchased under this issuer bid represent 10% of Amerigo's\npublic float, which is estimated to be 78,451,541 common shares.\nThe actual number of shares that may be purchased during the one year\nperiod and the time of such purchases will be determined by Amerigo. All\nshares purchased under the issuer bid will be cancelled. During the 12 month\nperiod prior to the date of this press release, Amerigo has not purchased any\nof its common shares.\nAmerigo is undertaking this issuer bid as it believes that the current\nmarket price of its common shares does not reflect the underlying value of\nAmerigo.\n\n ------------------------------------------\n\nAmerigo Resources Ltd. is a Canadian copper and molybdenum producing\ncompany forecasting 15,000 tonnes of copper production and 600,000 pounds of\nmolybdenum in 2005 from its MVC operations near Santiago, Chile. Tel: \n(604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing:\nARG:TSX\n\nThe Toronto Stock Exchange has not reviewed nor accepted responsibility\nfor the adequacy or accuracy of the contents of this news release, which has\nbeen prepared by management. Statements contained in this news release that\nare not historical facts are forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Such forward-looking\nstatements are subject to risks and uncertainties which could cause actual\nresults to differ materially from estimated results. Such risks and\nuncertainties are detailed in the Company's filings with the TSX and on SEDAR.\nForward-looking statements are based on the beliefs, estimates and opinions of\nthe Company's management on the date the statements are made. The Company\nundertakes no obligation to update these forward-looking statements if\nmanagement's beliefs, estimates or opinions, or other factors, should change.\n\n\n\n","length":2394,"tagNam...