Business
WGI Heavy Minerals announces Normal Course Issuer Bid
May 4, 2011 (Canada NewsWire Group) -- COEUR D’ALENE, ID, May 4 /CNW/ - WGI Heavy Mine...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n May 4, 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\nCOEUR D’ALENE, ID, May 4 /CNW/ - WGI Heavy Minerals, Incorporated\n ("WGI") (TSX: WG) announced today that the Toronto Stock Exchange (the\n "TSX") has accepted its notice of intention to conduct a normal course\n issuer bid to enable it to purchase up to 1,140,991 of its common\n shares ("Shares") outstanding, representing approximately 10 percent of\n WGI's public float of 11,409,915 Shares as at April 28, 2011. As at\n April 28, 2011, WGI had 23,445,610 Shares issued and outstanding. The\n average daily trading volume of WGI for the past six months is 47,259.\n\n\nPurchases will be affected through the facilities of the Toronto Stock\n Exchange. WGI believes that due to volatility in financial markets, the\n Shares may, from time to time be undervalued in the market and would\n constitute a good investment for the Company. All Shares purchased will\n be cancelled.\n\n\nPurchases may commence on May 6, 2011 and will terminate on the earlier\n of May 5, 2012, or the date WGI completes its purchases pursuant to the\n notice of intention to make a normal course issuer bid filed with the\n TSX, or the date of notice by WGI of termination of the bid.\n\n\nWGI will make purchases on the open market through the facilities of the\n TSX in accordance with the rules and policies of the TSX. The price\n that WGI will pay for any such Shares will be the market price of such\n Shares on the ...