Business
WGI Heavy Minerals, Inc. announces intention to commence Normal Course Issuer Bid
WGI Heavy Minerals, Inc. announces intention to commence Normal Course Issuer Bid.
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\n\nCOEUR D'ALENE, ID, Nov. 29 /CNW/ - WGI Heavy Minerals, Inc. (\"WGI\" or the\n\"Company\") announces its intention to commence a Normal Course Issuer Bid on\nDecember 1, 2006, which bid will terminate on November 30, 2007. As at\nNovember 27, 2006 there were 18,726,318 shares of common stock (\"Shares\") in\nthe public float. WGI proposes to acquire up to a maximum number of 1,872,631\nshares, being 10% of the public float, and not more than 2% of shares during\nany thirty day period.\nPurchases will be affected through the facilities of the Toronto Stock\nExchange. WGI believes that due to volatility in financial markets, the shares\nmay, from time to time, be undervalued in the market and would constitute a\ngood investment for the Company. All shares purchased will be cancelled. WGI\nhas purchased 770,000 of its Common Shares at an average price of $0.83 per\nshare within the past 12 months, through the facilities of TSX pursuant to a\nNormal Course Issuer Bid.\n\nWGI Heavy Minerals, Inc. is a fully integrated miner, producer, and\nmarketer of industrial-grade minerals and replacement parts for ultra-high\nwaterjet cutting systems. The Company's operations include mining and\nprocessing facilities in Idaho, U.S. (Emerald Creek Garnet), Tamil Nadu, India\n(Bengal Bay Garnet) and Ermsleben, Germany and a manufacturing facility in\nWashington, U.S. (International Waterjet Parts).\n\nThis press release contains forward-looking statements concerning the\nbusiness, operations and financial performance and condition of WGI Heavy\nMinerals, Incorporated. A number of the matters discussed and statements made\nin the press release contain forward-looking statements reflecting current\nexpectations regarding future assets. When used in this press release, the\nwords \"believe\", \"anticipate\", \"intend\", \"estimate\", \"expect\", \"project\" and\nsimilar expressions are intended to identify forward-looking statements,\nalthough not all forward-looking statements contain such words. These\nforward-looking statements are based on current expectations and are naturally\nsubject to risks, uncertainties and changes in circumstances beyond\nmanagement's control that may cause actual results to differ materially from\nthose expressed or implied by such forward-looking statements. Factors that\nmay cause such differences include but ...