Business
Pulse Data Inc. enters into automatic share repurchase plan
TSX Symbol - PSD CALGARY, Oct. 23 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") announced to...
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\nTSX Symbol - PSD\n\n\nCALGARY, Oct. 23 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")\nannounced today that it has entered into an automatic share repurchase plan\nunder its normal course issuer bid. The pre-defined plan, with its designated\nbroker, allows for the purchase of common shares of Pulse at any time,\nincluding when Pulse would not ordinarily be active in the market due to\ninternal trading blackout periods, insider trading rules or otherwise.\n\n\nThe pre-defined plan will terminate on the earliest of: the date on which\nthe purchase limits specified in the plan have been attained, the date on\nwhich the normal course issuer bid terminates, or the close of trading on\nNovember 27, 2008.\n\n\nABOUT PULSE\n\n\nPulse is a market leader in the acquisition, marketing and licensing of\n2D and 3D seismic data to the western Canadian energy sector. Pulse owns the\nsecond-largest licensable seismic data library in Canada, currently consisting\nof approximately 257,300 net kilometres of 2D seismic and 12,200 net square\nkilometres of 3D seismic. The library extensively covers the Western Canada\nSedimentary Basin where most of Canada's oil and natural gas exploration and\ndevelopment occurs.\n\n\nPulse has publicly traded on the TSX since 2001. The Company has paid its\nshareholders a quarterly dividend since 2003 and at Pulse's current share\nprice provides one of the highest dividend yields on the TSX.\n\n\nCertain information contained herein may constitute forward-looking\nstatements under applicable securities laws. Such statements are subject to\nknown or unknown risks and uncertainties that may cause actual results to\ndiffer materially from those anticipated or implied in the forward-looking\nstatements. Investors are encouraged to review the "Risk Factors" section of\nthe Management's Discussion and Analysis in the Company's most recent annual\nand interim reports for a discussion of risks that could affect the Company's\noperations and financial results. Forward-looking statements are based upon\nmanagement's assumptions, expectations and estimates at the time that such\nstatements are made. Pulse does not update forward-looking statements should\ncircumstances change or management's assumptions, expectations or estimates\nchange, except as required by securities laws.\n\n\n...