Business
Guardian announces normal course issuer bid
TSX VENTURE EXCHANGE: GX CALGARY, Dec. 8 /CNW/ - Guardian Exploration Inc. ("Guardian" or the "Co...
About this update from Guardian Exploration Inc.
[{"type":"text","content":"\n\n\n\nTSX VENTURE EXCHANGE: GX\n\n\nCALGARY, Dec. 8 /CNW/ - Guardian Exploration Inc. ("Guardian" or the\n"Corporation") (TSX Venture: GX) announced today that the Board of Directors\nhas authorized Guardian to purchase for cancellation up to 3,009,322 common\nshares ("Common Shares") representing approximately 7.57% of the 39,737,877\nCommon Shares currently issued and outstanding, or 10% of the public float.\nCanaccord Capital Corporation will conduct the Bid on behalf of Guardian.\n\n\nThe normal course issuer bid will commence on or about December 10, 2008\nand shall terminate on or about December 10, 2009, or such earlier date as\nGuardian may complete its purchases. The purchases will be made through the\nfacilities of the TSX Venture Exchange ("TSXV") in accordance with the\nrequirements of the TSXV. The prices that Guardian will pay for any Common\nShares will be the market price of the Common Shares at the time of\nacquisition. Guardian will make no purchases of Common Shares other than open\nmarket purchases. Any Common Shares acquired by Guardian will be cancelled. A\ncopy of Guardian's Form 5G - Notice of Intention to Make a Normal Course\nIssuer Bid may be obtained by any shareholder of Guardian, without charge, by\ncontacting Guardian at the number noted below.\n\n\nThe Company considers the normal course issuer bid to be in the best\ninterests of Guardian and its shareholders. From time to time over the next\ntwelve months, the Common Shares may trade in a price range which does not\nfully reflect the value of Guardian's business and its future business\nprospects. As a result, depending on market conditions and other factors,\nGuardian believes the purchase of its Common Shares may represent an\nappropriate and desirable use of its available funds.\n\n\nDuring the preceding 12 months period, Guardian has not purchased any\nCommon Shares.\n\n\nThe TSX Venture Exchange Inc. does not accept responsibility for the\nadequacy or accuracy of this press release.\n\n\n%SEDAR: 00023604E\n\n\n","length":2151,"tagName":"div"}]