Business
ROCKY MOUNTAIN DEALERSHIPS INC. ANNOUNCES SHARE REPURCHASE PROGRAM
ROCKY MOUNTAIN DEALERSHIPS INC. ANNOUNCES SHARE REPURCHASE PROGRAM
About this update from Roland Mineral Enterprises Corp.
[{"type":"text","content":"\n\n\n\n Sep. 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\n CALGARY, Sept. 29 /CNW/ - TSX Symbol: RME\n \n\n Rocky Mountain Dealerships Inc. ("Rocky Mountain" or the "Company")\n announced today that it has received final acceptance from the Toronto\n Stock Exchange to implement a normal course issuer bid ("NCIB")\n to purchase existing common shares.\n \n\n Under the NCIB program Rocky Mountain will have the ability to\n repurchase up to a maximum of 1,152,952 common shares during the next 12\n months which represents ten percent of its 11,529,521 outstanding public\n float of common shares as of September 29, 2010.  The Company currently\n has 18,332,849 issued and outstanding common shares.  Subject to the\n specified exceptions, the maximum daily purchases under the NCIB shall\n not exceed 9318 common shares of the Company.  The NCIB will begin on\n October 1, 2010 and will end when the Company has purchased the maximum\n allowable number of shares, unless it provides earlier notice of\n termination.  If not previously terminated, the NCIB will end on\n September 30, 2011.  All purchases pursuant to the NCIB will be made\n through the facilities of the Toronto Stock Exchange and all shares\n purchased under the NCIB will be cancelled.\n \n\n The Company is of the view that having the capability to repurchase\n common shares increases the investment alternatives that can be\n undertaken for the benefit of all shar...