COMINCO FERTILIZERS LTD. AUTHORIZES SHARE PURCHASE PROGRAM.CALGARY, ALBERTA--(BUSINESS WIRE)--March 20, 1995--COMINCO FERTILIZERS (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : COF) Cominco Fertilizers Ltd. has announced that it intends to purchase up to five percent, or approximately 1.1 million, of its outstanding Common Shares. The Company will file a Notice of Intention to make a Normal Course Issuer Bid with The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and, subject to regulatory approval, intends to initiate purchases from time to time in accordance with the rules of the Exchange. Commenting on the Company's decision, John M. Van Brunt brunt n. 1. The main impact or force, as of an attack. 2. The main burden: bore the brunt of the household chores. , President and Chief Executive Officer said "While we continue to pursue our strategic growth objectives, we believe the purchase of our shares in the current market is consistent with our focus on increasing shareholder value. Our operations continue to generate substantial earnings and cash flow, and we are confident that markets for nitrogen and potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. fertilizers will continue strong." Mr. Van Brunt added that after the share purchase is completed, the Company will still have adequate cash resources, as well as ready access to other sources of capital, to pursue growth. Cominco Fertilizers Ltd. is one of North America's largest integrated and diversified fertilizer companies. Its shares trade on the Toronto Stock Exchange under the symbol COF. CONTACT: Larry Thiessen, 403/258-4615 or Dick Nichols Richard Nichols (born April 29, 1926) is a U.S. Representative from Kansas. Born in Fort Scott, Kansas, Nichols attended public schools. He earned his B.S. from Kansas State University in 1951. He was ensign in the United States Navy from 1944 to 1947. , 403/258-5746 INDUSTRY KEYWORD: FOODS/BEVERAGES ENVIRONMENT ENMED REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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