Ainsworth Lumber Announces Normal Course Issuer Bid.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Ainsworth Lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to Co. Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ANS (ANS Communications, Inc, Purchase, NY) An ISP, Internet backbone and provider of private data network services, founded in 1990 as Advanced Network & Services, Inc., by IBM, MCI and Merit (consortium of Michigan universities). ) announces its intention to make a normal course issuer bid, whereby it may purchase up to 732,457 common shares of the Company, representing approximately 5% of the Company's 14,649,140 current issued and outstanding common shares. The normal course issuer bid will commence on October 24, 2005 and end on October 23, 2006 or on such earlier date that the Company completes its purchases. All purchases will be effected through the facilities of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the price that the Company will pay for any shares acquired by it will be the market price of the shares at the time of acquisition. The consideration to be offered will be cash, payable from the Company's current unallocated working capital, in accordance with the requirements of the TSX. There will be no restrictions on the price the Company is prepared to pay per share other than that purchases will not be made if the Company does not believe that the purchases would be advantageous to the Company and its shareholders. All shares purchased by the Company will be cancelled. The Board of Directors of the Company is of the view that, from time to time, the Common Shares may trade at a discount to the underlying assets of the Company. The Board of Directors believes that the purchase by the Company of its own shares pursuant to a normal course issuer bid is a worthwhile investment which is beneficial to all non-selling shareholders of the Company and which will not preclude pre·clude tr.v. pre·clud·ed, pre·clud·ing, pre·cludes 1. To make impossible, as by action taken in advance; prevent. See Synonyms at prevent. 2. the Company from pursuing other business opportunities. Ainsworth Lumber Co. Ltd. (TSX:ANS) |
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