Tribute Resources Announces Notice of Intention to Make a Normal Course Issuer Bid to January 8, 201admin
Tribute Resources Announces Notice of Intention to Make a Normal Course Issuer Bid to January 8, 2015
London, Ontario CANADA, January 07, 2014 /FSC/ – Tribute Resources Inc. (TRB – TSX Venture), (“Tribute”) announced that a Notice of Intention to make a Normal Course Issuer Bid has been filed with and accepted by the TSX Venture Exchange to purchase up to 3,771,434 (a maximum of 5%) of its issued and outstanding Common Shares (75,428,673 Common Shares as at January 6, 2014) in a twelve-month period. The Issuer Bid will commence on the 9th day of January, 2014 and will terminate on the earlier of the 8th day of January, 2015 and the date on which the maximum number of Common Shares are purchased pursuant to the Issuer Bid. Purchases of Common Shares under the Issuer bid will be effected through the facilities of the TSX Venture Exchange at the market price at the time of purchase.
The Corporation’s board of directors and management believe that from time to time, the market price of its common shares may not reflect their underlying value and that the purchase of its common shares may represent an appropriate and desirable use of corporate funds. Tribute intends to fund the purchases out of available cash.
About Tribute Resources Inc.
Tribute is a Canadian publicly traded energy company incorporated under the Business Corporations Act of the Province of Alberta on May 15, 1997. Tribute’s primary focus is on adding value to shareholders by developing and maintaining a long-term interest in renewable energy projects and in market-based priced underground natural gas storage assets in Canada. Tribute’s objective is to build a company capable of delivering and sustaining long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully operational. Tribute’s business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute creates value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base. For more information please visit www.tributeresources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CFO, Tribute Resources Inc.
To view the press release as a PDF file, please click on the following link:
Source: Tribute Resources Inc. (TSX-V: TRB) http://www.tributeresources.com
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Posted: January 7th, 2014 under FSCWIRE.