Westshore Terminals Investment Corporation announces normal course issuer bid

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 2, 2013 /CNW/ - Westshore Terminals Investment\n Corporation (WTE - TSX) (the \"Corporation\") today announced that it has\n received acceptance from the Toronto Stock Exchange (the \"Exchange\") to\n make a normal course issuer bid (the \"Bid\") to purchase for\n cancellation, from time to time, as it considers advisable, up to\n 3,712,500 of the Corporation's issued and outstanding Common Shares,\n being 5% of the 74,250,016 Common Shares outstanding as of today.\n\n\nPurchases pursuant to the Bid will be made from time to time by Scotia\n Capital Inc. on behalf of the Corporation by open market transactions\n through the facilities of the Exchange as well as through alternate\n trading systems in Canada upon which the Common Shares are traded. The\n price that the Corporation will pay for any shares purchased under the\n Bid will be the prevailing market price of such shares at the time of\n such purchase.  Under applicable rules, the Corporation may purchase up\n to 37,691 Common Shares in any one trading day, and may purchase once\n per calendar week in a block trade a greater number of Common Shares.\n\n\nThe Bid will commence on April 9, 2013 and will terminate on the earlier\n of April 9, 2014 or the date on which the Corporation has acquired all\n of the shares sought pursuant to the bid, unless terminated earlier by\n the Corporation.  Common Shares purchased by the Corporation under the\n Bid will be cancelled.\n\n\nThe Board of Directors of the Corporation believe that from time to time\n the market price of the Common Shares may not adequately reflect the\n value of its business and its future business prospects.  As a result,\n the Corporation believes that its outstanding Common Shares may, at\n such times, represent an attractive investment and an appropriate and\n desirable use of its available funds.\n\n\nThe foregoing statements concerning anticipated purchases of Common\n Shares under the Bid are forward-looking statements that reflect the\n current expectations of the Corporation.  Forward-looking statements\n should not be read as a guarantee that the Corporation will purchase\n Common Shares under the Bid, and are based on information available at\n the time they are made, assumptions made by management, and\n management's good faith belief with respect to f...

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