Bonavista Intends Normal Course Issuer Bid.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Aug. 28, 1997--Bonavista (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. ) Bonavista Bonavista can refer to: Geography
Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. a notice of intention to make a normal course issuer bid. Pursuant to the bid, Bonavista may purchase up to 477,495 common shares, representing approximately 5 percent of its 9,549,900 outstanding common shares through the facilities of the Exchange. The Corporation has purchased 75,333 common shares at an average price of $1.23 since June 20, 1996 pursuant to a normal course issuer bid which terminated June 19, 1997. Purchases under the bid may begin as early as September 2, 1997 and will end on the earlier of September 1, 1998, or the date on which the maximum number of shares have been acquired. Management of Bonavista indicated that they do not consider the current market price for the Company's shares to reflect the underlying net asset value of the Company and that purchases at current market prices would be a prudent use of corporate funds. Shareholders may obtain a copy of the notice without charge by contacting Bonavista Petroleum Ltd. CONTACT: Bonavista Petroleum Ltd., Calgary Eric C. Gronberg, 403/265-3320 |
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