Southwestern Implements New Share Purchase Program.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Southwestern Resources Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SWG SWG abbr. standard wire gauge ) today announced its intention to acquire up to 2,000,000 shares of the Company. As The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (the "Exchange") has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid, purchases may occur between May 27, 2005 and May 26, 2006. Management is of the opinion that the shares of Southwestern are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. in the current market and current share prices do not reflect its strong balance sheet and portfolio of highly prospective exploration properties. Shares acquired by the Company under the Normal Course Issued Bid will be cancelled. All common shares purchased by the Company under the Issuer Bid will be effected through the facilities of the Exchange and will be surrendered by the Company to its transfer agent for cancellation. The Company is limited, pursuant to the policies of the Exchange on issuer bids, to purchase not more than 860,123 shares (2% of the Company's 43,006,174 outstanding shares) during any 30-day period. Shares purchased pursuant to the Normal Course Issuer Bid by the Company will be acquired at a price that is not higher than the last independent trade of a board lot of common shares of the Company. Southwestern Resources Corp. is exploring in several countries for precious and base metals. The Company has a number of significant projects including the Boka Gold Project in China with Team 209, the Liam Gold-Silver Project in Peru with Newmont Peru Limited and the Antay Porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. Copper-Gold Project in Peru with Anglo American Exploration Peru S.A. as well as the 100% owned Accha Zinc Project in Peru. The Company is also exploring for porphyry copper-gold in a large area of southwestern Yunnan Province Noun 1. Yunnan province - a province of southern China Yunnan Cathay, China, Communist China, mainland China, People's Republic of China, PRC, Red China - a communist nation that covers a vast territory in eastern Asia; the most populous country in the world , China under a Joint Venture with Newmont Overseas Exploration Limited. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporation's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. Southwestern Resources Corp. (TSX:SWG) |
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