Business
Antigua Group Announces Normal Course Issuer Bid
Antigua Group Announces Normal Course Issuer Bid.
About this update from Helius Minerals Limited
[{"type":"text","content":"\n\n\n\n\nPEORIA, AZ, May 5 /CNW/ - Antigua Enterprises Inc. (Pink Sheets: ANTGF)\n(TSX: ANE) (\"Antigua\") advises that the TSX Venture Exchange (\"TSX-V\") has\naccepted Antigua's Notice of Intention To Make A Normal Course Issuer Bid to\npurchase some of its common shares through the facilities of the TSX-V. The\nnormal course issuer bid will commence May 15, 2006 and terminate not later\nthan May 14, 2007.\nAntigua seeks to purchase for cancellation up to 2,100,000 common shares\nat a price not to exceed Cdn$0.30 per common share over the course of the next\n12 months, being 5% of its issued and outstanding common shares as of May 2,\n2006. No more than 2% of the outstanding shares will be purchased in any\n30-day period. As of May 2, 2006, Antigua had 42,839,185 common shares issued\nand outstanding.\nAntigua believes that the current trading prices of its common shares do\nnot reflect the underlying value of Antigua's assets and operations.\nAccordingly, the commencement of a normal course issuer bid represents an\nopportunity to create value for its shareholders.\nThe purchase of and payment for the common shares of Antigua purchased\npursuant to the normal course issuer bid will be made by Antigua in accordance\nwith the policies and rules of the TSX-V and the price which Antigua will pay\nfor any such common shares will be the market price of such common shares at\nthe time of acquisition. Antigua has retained Global Securities Corp. as its\nbroker to conduct the normal course issuer bid on behalf of Antigua.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this news release.\n\n\n\n","length":1722,"tagName":"div"}]