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LASSONDE INDUSTRIES INC. - NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID

Jan. 7, 2011 (Canada NewsWire Group) -- ROUGEMONT, QC, Jan. 7 /CNW Telbec/ - Lassonde Industr...

articleLassonde Industries, Inc. Class AJanuary 7, 20114/company/lassonde-industries-inc-class-a/news/lassonde-industries-inc-notice-of-intention-to-make-a-normal-course-issuer-bid-1
LASSONDE INDUSTRIES INC. - NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID

About this update from Lassonde Industries, Inc. Class A

[{"type":"text","content":"\n\n\n\n Jan. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nROUGEMONT, QC, Jan. 7 /CNW Telbec/ - Lassonde Industries Inc. (LAS.A -\n TSX) announces that it intends to acquire for cancellation a certain\n number of Class "A" subordinate voting shares of its share capital\n through the facilities of The Toronto Stock Exchange, in accordance\n with the requirements on normal course issuer bids of the Toronto Stock\n Exchange.\n\n\nLassonde intends to acquire Class "A" subordinate voting shares, without\n exceeding 226,838 Class "A" subordinate voting shares of its share capital (representing\n 10% of the public float being 2,268,385 shares as at January 1, 2011) during the period beginning on January\n 13, 2011 and ending on or before January 12, 2012.  As at January 1,\n 2011, there were 2,816,300 issued and outstanding Class "A" subordinate voting shares.\n\n\nThe average daily trading volume of Lassonde's class A subordinate\n voting shares over the last six completed calendar months was 1,558 (the "ADTV").  Accordingly, under the Toronto Stock Exchange Rules and\n policies, Lassonde is entitled on any trading day to purchase up to\n 1,000 class A subordinate voting shares.  Once a week, in excess of the\n daily 1,000 repurchase limit, Lassonde may also purchase a block of\n shares not owned by an insider (i) having a purchase price of $200,000\n or more, (ii) of at least 5,000 shares having a purch...

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