Centurion Energy International Inc. to Continue Normal Course Issuer Bid.Business Editors 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)--Dec. 15, 2000 Centurion Energy International Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CUX CUX Corporate University Xchange (provides education research, benchmarking and advisory services to corporate America) .) (the "Corporation") announces its intention to continue to acquire common shares under a Normal Course Issuer Bid (the "Bid") originally commenced on December December: see month. 15, 1999. The Corporation intends to acquire for return to treasury up to 3,104,114 (approximately 5%) of its current 62,082,297 issued outstanding common shares, being the maximum number of shares it is permitted to acquire pursuant to a normal course issuer bid under applicable securities legislation. The issuer bid will commence on December 19, 2000 and will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on the earlier of December 18, 2001 and the date upon which the Corporation acquires the maximum number of common shares. Under the Bid, the Corporation will acquire, from time to time, its common shares for cash 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. . The Corporation has established a trading account Trading Account 1. An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer. 2. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a with a member firm of The Toronto Stock Exchange for this purpose. For any particular trade, the Corporation will not purchase common shares at a price higher than the price of the immediately preceding trade on the open market by independent parties. In the view of the board of directors of the Corporation, purchases of the Corporation's common shares under the Bid will be advantageous to shareholders of the Corporation. No director or senior officer currently intends to sell during the Bid and, to the best knowledge, information and belief of the directors and officers of the Corporation, after reasonable inquiry, no: (i) associate of a director or senior officer of the Corporation, (ii) person holding 10% or more of any class of equity security of the Corporation or (iii) person acting jointly or in concert with the Corporation, currently intends to sell during the Bid. Management is not aware of any undisclosed material changes in the business or affairs of the Corporation. [pilcrow (paragraph sign)] Centurion Energy International Inc. is an independent international oil and gas company with operations in Tunisia and Egypt. |
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