Dia Met Normal Course Issuer Bid.KELOWNA, British Columbia--(BUSINESS WIRE)--Oct. 13, 1999-- Dia Met Minerals Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DMM See multimeter. DMM - Digital Multimeter .A.) (AMEX AMEX See: American Stock Exchange :DMM.A) (TSE:DMM.B.) (AMEX:DMM.B) announced today acceptance by the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. of Dia Met's notice of intention to make a normal course issuer bid. This will allow Dia Met to purchase, through the facilities of the TSE, from time to time, as considered advisable, up to 150,000 (approximately 1.7 per cent) of its 8,668,374 outstanding Class A Subordinate Voting shares and up to 350,000 (approximately 1.6 per cent) of its 21,973,496 outstanding Class B Multiple Voting shares. The bid will commence on October 15, 1999 and terminate on October 14, 2000. Shares purchased will be held pending further determination by Dia Met's board of directors. Dia Met's board of directors believes that purchases by Dia Met of its shares pursuant to a normal course issuer bid is appropriate and in the best interests of Dia Met and that such purchases constitute a desirable use of funds for Dia Met. Dia Met recently completed a normal course issuer bid under which it acquired 136,000 Class A shares and 331,400 Class B shares. These shares are in the process of being cancelled. Dia Met is a publicly traded mineral exploration and development company with a primary focus on diamonds. The company holds a 29 per cent interest in the Ekati(TM) Diamond Mine, Canada's first commercial diamond mine, together with BHP Diamonds Inc. (51 per cent), Charles Fipke (10 per cent) and Stewart Blusson (10 per cent). The Ekati(TM) Diamond Mine is located 300 kilometres northeast of Yellowknife in Canada's Northwest Territories. SIGNED ON BEHALF OF THE BOARD OF DIRECTORS James E. Eccott, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. and Toronto Stock Exchange have neither approved nor disapproved the information contained in this release. |
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