TORONTO, Nov. 18 /CNW/ - Cyberplex Inc. (TSX: CX) ("Cyberplex" or the
"Corporation") announced today that it has filed with the Toronto Stock
Exchange ("TSX"), and the TSX has accepted, a notice of intention to make a
normal course issuer bid. Under its normal course issuer bid, Cyberplex may
purchase up to 2,627,150 of its common shares, representing approximately 10%
of the "public float" of common shares. As of November 7, 2005, Cyberplex has
32,426,249 common shares issued and outstanding, with a public float of
26,271,549 common shares. Cyberplex will cancel any common shares purchased
pursuant to the normal course issuer bid. The purchases may commence on
November 21, 2005 and will terminate on November 20, 2006, or on such earlier
date as Cyberplex may complete its purchases pursuant to the notice of
intention to make a normal course issuer bid filed with the TSX. Purchases
will be made on the open market by Cyberplex through the facilities of the TSX
in accordance with TSX requirements. The prices that Cyberplex will pay for
any purchased common shares will be the market price of such shares on the TSX
at the time of acquisition. The Corporation will make no purchases of common
shares other than open-market purchases.
In the opinion of the Corporation's Board of Directors, the common shares
have been trading at prices that do not reflect the underlying value of the
Corporation. As a result, Cyberplex believes that its common shares are a good
investment at its current and recent prices.
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