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Western Potash Corp. Announces Normal Course Issuer Bid
Western Potash Corp. Announces Normal Course Issuer Bid Western Potash Corp. Annou...
About this update from Western Resources Corp
[{"type":"text","content":"\n\n\n\nWestern Potash Corp. Announces Normal Course Issuer Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWestern Potash Corp. Announces Normal Course Issuer Bid\nCanada NewsWire\nVANCOUVER, Oct. 30, 2015\n\n\n\nTSX: WPX FSE: AHE\n\n\n\nVANCOUVER, Oct. 30, 2015 /CNW/ - Western Potash Corp. (the \"Company\") (TSX: WPX, FSE: AHE)  wishes to announce that it has today received approval from the Toronto Stock Exchange (the \"Exchange\") to make a Normal Course Issuer Bid (the \"Bid\") to purchase, from time to time, as it considers advisable, up to 13.65 million of the Company's issued and outstanding Common Shares (being approximately 2.9% of the 467,185,559 Common Shares outstanding at October 29, 2015).  The Bid will commence on November 4, 2015 and will terminate on the earlier of November 3, 2016, or the date on which the Company has acquired all of the shares sought pursuant to the bid.  \n\nDaily purchases will not exceed 53,754 common shares per day.  Purchases will be made in accordance with Exchange requirements, on the open market through the facilities of the Exchange or alternative trading systems in Canada.  Canaccord Genuity Corp. will conduct the Bid on behalf of the Company. The price which the Company will pay for any shares purchased will be the prevailing market price of such shares on the Exchange at the time of such purchase.  The Company will make its determination regarding the potential cancellation of the shares acquired under the Bid prior to the conclusion of the Bid.  The Board of Directors of the Company believe that the current and recent market prices of the Company's shares do not give full effect to their underlying value and that, accordingly, the purchase of shares will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. The normal course purchases will also afford an increased degree of liquidity to the Company's shareholders who would like to dispose of their shares.  The Company has not purchased any common shares of the Company in the last 12 mo...