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Wesdome Announces TSX Approval of Share Repurchase Program
3/4/2013 3:38:00 PM
By: MT Newswires
Wesdome Gold Mines Ltd. (WDO.TO) announced that the Toronto Stock Exchange has approved the company's notice of its intention to make a normal course issuer bid. Pursuant to the terms of the bid, Wesdome may purchase its own common shares or convertible debentures for cancellation through the facilities of the TSX at the prevailing market price.
The number of securities purchased by Wesdome will in no event be in excess of: (i) 9,983,346 shares, being approximately 10% of its "public float" and (ii) $351,000 principal amount of debentures, being approximately 5% of the number of issued and outstanding.