CaribGold Resources Inc. Announces Normal Course Issuer Bid.TORONTO--(BUSINESS WIRE)--Sept. 2, 1998--CaribGold Resources Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CG) 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 a notice filed by CaribGold of its intention to make a normal course issuer bid for its common shares. The Company will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to purchase for cancellation cancellation (See: cancel) CANCELLATION. Its general acceptation, is the act of crossing a writing; it is used sometimes to signify the manual operation of tearing or destroying the instrument itself. Hyde v. Hyde, 1 Eq. Cas. Abr. 409; Rob. up to 900,000 common shares in total on the TSE, representing approximately 9.8% of the public float or 8.6% of the 10,496,000 common shares currently outstanding during the one year period commencing September September: see month. 4, 1998. The price paid for any common shares will be the market price of the common shares at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by CaribGold. CaribGold believes that its common shares have been trading in a price range which does not adequately reflect their value in relation to CaribGold's assets, business and future business prospects. As a result, depending upon future price movements and other factors, CaribGold believes that its outstanding common shares may represent a desirable use of a portion of its available funds.
CONTACT: CaribGold Resources Inc., Toronto
Paul N. Zyla, 416/350-2338
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