Bowridge Announces 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)--July 14, 1998-- Bowridge(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BOW..) Bowridge Resource Group Inc. has received approval from the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. to proceed with a normal course issuer bid to purchase up to 750,000 (3.9 percent) of its common shares between July July: see month. 16, 1998 and July 15, 1999. All shares purchased by Bowridge will be cancelled can·cel v. can·celed also can·celled, can·cel·ing also can·cel·ling, can·cels also can·cels v.tr. 1. To cross out with lines or other markings. See Synonyms at erase. 2. upon acquisition. Bowridge believes that recent market prices for its shares do not accurately reflect the underlying value of its shares and purchase of them is in the best interests of Bowridge and its shareholders. Bowridge has 19,097,638 shares issued and outstanding with a public float of 15,473,706 shares. Under the rules of the TSE Bowridge may not purchase more than 381,952 (2 percent) of its issued shares in any 30-day period. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
CONTACT: Bowridge Resource Group Inc
Jim Rathwell, 403/ 262-9344
or
Bowridge Resource Group Inc.
Doug McArthur, 403/262-9344
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