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MAINSTREET EQUITY CORP. FILES NORMAL COURSE ISSUER BID
MAINSTREET EQUITY CORP. FILES NORMAL COURSE ISSUER BID
About this update from Mainstreet Equity Corp.
[{"type":"text","content":"\n\n\n\n Nov. 29, 2010 (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\nCALGARY, Nov. 29 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the\n "Corporation") (TSX:MEQ) announces that subject to acceptance by the\n Toronto Stock Exchange (the "TSX"), the Corporation intends to proceed\n with a normal course issuer bid ("Bid"). Mainstreet purchased 29,546\n common shares of the Corporation ("Common Shares") at an weighted\n average price of $9.93 per share pursuant to its previous Bid which\n expired October 15, 2010. The maximum number of Common Shares which may\n be acquired by way of the current Bid is 634,694, representing\n approximately 6.1% of the outstanding Common Shares of the Corporation.\n As at November 24, 2010, there were 10,376,281 Common Shares\n outstanding. The average daily trading volume for the six months ended\n October 31, 2010, was 6,674 shares and Mainstreet is subject to a daily\n repurchase limit of 1,668 Common Shares. Mainstreet intends to commence\n the Bid on December 1, 2010 and terminate the bid on November 30, 2011.\n\n\nMainstreet's Board of Directors believes that the purchase of Common\n Shares pursuant to the normal course issuer bid is in the best\n interests of Mainstreet and its shareholders as the Common Shares may\n become available for purchase at prices which make them an appropriate\n use of Mainstreet's funds. All shares purchased under the Bid will be\n cancelled and returned to treasury...