Business
CLUBLINK ENTERPRISES LIMITED ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
CLUBLINK ENTERPRISES LIMITED ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
About this update from Twc Enterprises Limited
[{"type":"text","content":"\n\n\n\n Sep. 16, 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 Stock Symbol: (TSX: CLK)\n \n\n TORONTO, Sept. 16 /CNW/ - ClubLink Enterprises Limited ("ClubLink")\n today announced that the Toronto Stock Exchange (the "TSX") has accepted\n a notice filed by ClubLink of its intention to make a normal course\n issuer bid through the facilities of the TSX.\n \n\n The notice provides that ClubLink may, during the twelve-month period\n commencing September 20th, 2010 and ending September 19th,\n 2011 purchase up to 1,395,000 common shares ("Common Shares") in total,\n being approximately 5% of the issued and outstanding Common Shares. The\n price that ClubLink will pay for any such Common Shares will be the\n market price at the time of acquisition. Management of ClubLink will\n determine the actual number of Common Shares that may be purchased and\n the timing of any such purchases.\n \n\n ClubLink purchased 55,500 Common Shares for cancellation during the last\n twelve months at an average cost per share of $6.63. As of September 10,\n 2010 there were 27,909,982 Common Shares outstanding. ClubLink average\n daily trading volume for the prior six months is 4,311.\n \n\n ClubLink believes that its Common Shares have been trading in price\n ranges which do not adequately reflect their value in relation to the\n business of ClubLink and its future business prospects. As a result,\n depending upon future price movements and other factors, ClubLink\n be...