CE Franklin Ltd. Announces Normal Course Issuer Bid For Its Common Shares

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[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 6 /CNW/ - CE Franklin Ltd. (AMEX: - CFK) announced today\nthat its Board of Directors has authorized the repurchase of up to 900,000 of\nits common shares without par value ("Common Shares"), being approximately 5%\nof the total number of Common Shares outstanding as of the date hereof, from\ntime to time in open market or privately negotiated transactions. The share\nrepurchase will be conducted solely through the facilities of AMEX and is\nsubject to prevailing market conditions and other considerations.\n\n\nFor more than half a century, CE Franklin has been a leading supplier of\nproducts and services to the energy industry. CE Franklin distributes pipe,\nvalves, flanges, fittings, production equipment, tubular products and other\ngeneral oilfield supplies to oil and gas producers in Canada as well as to the\noilsands, refining, heavy oil, petrochemical, forestry and mining industries.\nThese products are distributed through its 44 branches, which are situated in\ntowns and cities serving particular oil and gas fields of the western Canadian\nsedimentary basin.\n\n\nForward-looking Statements: The information in this news release may\ncontain "forward-looking statements" within the meaning of Section 27A of the\nSecurities Act of 1933 and Section 21E of the Securities Exchange Act of 1934\nand other applicable securities legislation. All statements, other than\nstatements of historical facts, that address activities, events, outcomes and\nother matters that CE Franklin plans, expects, intends, assumes, believes,\nbudgets, predicts, forecasts, projects, estimates or anticipates (and other\nsimilar expressions) will, should or may occur in the future are\nforward-looking statements. These forward-looking statements are based on\nmanagement's current belief, based on currently available information, as to\nthe outcome and timing of future events. When considering forward-looking\nstatements, you should keep in mind the risk factors and other cautionary\nstatements and refer to the Form 20-F or our annual information form for\nfurther detail.\n\n\n","length":2151,"tagName":"div"}]

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