Avante Logixx Inc. to proceed with normal course issuer bid

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[{"type":"text","content":"\n\n\nTrading symbol - XX.V\n\n\nTORONTO, July 2, 2013 /CNW/ - Avante Logixx Inc. (the \"Corporation\")\n announced today that it has received approval from the TSX Venture\n Exchange (the \"Exchange\") to proceed with a normal course issuer bid\n (the \"Bid\") whereby the Corporation may purchase, from time to time, up\n to 5,107,495 of its common shares, being approximately 9.1% of the\n Corporation's issued and outstanding common shares and approximately\n 10% of the Corporation's Public Float (as that term is defined in the\n policies of the Exchange).\n\n\nThe Bid will be conducted in accordance with applicable securities laws\n and the policies of the Exchange. Purchases will be made through the\n facilities of the Exchange. Haywood Securities Inc. will conduct the\n Bid on behalf of the Corporation.\n\n\nThe price which the Corporation will pay for any shares purchased by it\n will be the prevailing market price of such common shares on the\n Exchange at the time of such purchase.\n\n\nThe Corporation has not purchased any common shares pursuant to a normal\n course issuer bid during the previous 12 months. The Bid will commence\n no earlier than three trading days following receipt of approval of the\n Exchange and will terminate on one year from such date, or such earlier\n time as the applicable Bid is completed or at the option of the\n Corporation.\n\n\nThe Corporation believes that the current and recent market prices for\n the Corporation's common shares do not give full effect to their\n underlying value and that, accordingly, the purchase of common shares\n under the Bid will increase the proportionate share interest of, and be\n advantageous to, all remaining shareholders. The normal course\n purchases will also afford an increased degree of liquidity to current\n shareholders who would like to dispose of their shares and will serve\n to stabilize the market price for the Corporation's shares.\n\n\nAbout Avante Logixx Inc.\n\n\nAvante Logixx Inc. (TSXV: XX) is a Toronto based security and technology\n company. Its primary operating division, Avante Security Inc. (www.avantesecurity.com), provides best in class security response and other security services\n for residential and commercial applications as well as being an\n industry leader in designing and installing complex security systems,\n access control, and...

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