Trivalence Mining Corporation - Normal Coarse Issuer Bid.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--July 24, 2000 The Company (CDNX CDNX See Canadian Venture Exchange (CDNX). :TMI TMI Too Much Information TMI Three Mile Island TMI TRMM Microwave Imager TMI Transactions on Medical Imaging TMI Texas Military Institute TMI Teen Missions International TMI Tauber Manufacturing Institute .)(OCT OCT ornithine carbamoyltransferase; oxytocin challenge test. OCT ornithine carbamoyl transferase, a liver specific enzyme. OCT Oxytocin stress test, see there BB:TMIGF) announces that in order to attain long term financial goals, it intends to make a normal coarse issuer bid for the purchase of its common stock through the facilities of the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . Purchases made pursuant to the bid will not exceed 869,420 common shares, 5% of the 17,388,412 currently issued and outstanding common shares, over a 12 month period commencing July 26, 2000 and ending July 25, 2001. The price paid for any common shares will be the market price of the common shares at the time of acquisition. No purchases will be made from insiders of the Company. Purchases will be made from unallocated working capital and all purchased shares will be returned to the treasury of the Company for reissue. The Company believes that its common shares are trading in a price range that does not adequately reflect their value in relation to the Company's assets, business and future business prospects. As a result, depending on future price movements and other factors, the Company believes its outstanding common shares are a desirable use of a portion of its available funds. Trivalence tri·va·lent adj. Having valence 3. tri·va  lence, tri·va Mining Corporation is a publicly traded mineral exploration and development Company with a primary focus on diamonds. The Company owns an 85% interest in the Aredor diamond mine in Guinea, West Africa, and a 50% interest in the Palmietgat kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. diamond mine currently under development in South Africa. In addition to its investments in the Aredor and Palmietgat mines, Trivalence is conducting Kimberlite exploration programs at the 1,012 square km Aredor concession, the 3,664 square km Kokong property in Botswana and the 52 square km Weymouth property located at Ungava Bay Quebec, Canada. Lutfur Rahman Khan President & C.E.O. The Company relies upon litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward looking" statements. The Canadian Venture Exchange neither approves nor disapproves of the contents of this News Release. |
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