AQM Announces Normal Course Issuer Bid to Commence August 29, 1997.WOODBRIDGE, ONTARIO--(BUSINESS WIRE)--Aug. 27, 1997--AQM Automotive Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AQV AQV Anticoncepcion Quirurgica Voluntaria (voluntary surgical contraception) .,NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AQM AQM Active Queue Management AQM Air Quality Management AQM Acquisition Management AQM Assistant Quartermaster (Civil War) AQM Additive Quark Model AQM Analog Quadrature Modulator AQM Acenaphthenequinone Monoxime .AF.) announced today that the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has accepted the Company's notice to make a normal course issuer bid to purchase, from time to time as it considers advisable, up to 500,000 of its issued and outstanding Common Shares. These purchases will be made on the open market, through the facilities of the Toronto Stock Exchange. The price which AQM will pay for any shares purchased by it will be the prevailing market price of such shares on the Toronto Stock Exchange at the time of such purchase. There are currently 11,728,868 Common Shares of the Corporation outstanding. 397,500 Common Shares were purchased by the Corporation over the prior year under a Normal Course Issuer Bid at an average price of $0.32 per Common Share. The Bid will commence on August 30th, 1997 and will terminate on August 29, 1998 or such earlier time as the Bid is completed or terminated at the option of AQM. The Company believes that the current and recent market prices of its common shares may not reflect their underlying value and that, at such times, the purchase of common shares will increase the proportionate interest of, and be advantageous to, all remaining shareholders. Any normal course purchases made by AQM will also afford an increased degree of liquidity to those shareholders of AQM who wish to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose their common shares. AQM Automotive Corporation, through its wholly owned subsidiaries, manufactures, packages and distributes automotive fuel filters, breather elements and automatic transmission filter kits exclusively to the automotive aftermarket. Its clients include some of the largest automotive parts suppliers, distributors and retailers in Canada, the USA and Latin America. CONTACT: AQM Automotive Corporation Tim Nigh nigh adv. nigh·er, nigh·est 1. Near in time, place, or relationship: Evening draws nigh. 2. Nearly; almost: talked for nigh onto two hours. , 905/851-9999 x223 905/851-9487 (FAX) 1-800-947-8621 (Toll-free) Please visit us at our new web site: www.aqmcorp.com |
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