Rye Patch Announces Normal Course Issuer Bid
VANCOUVER, April 29, 2015 /PRNewswire/ - Rye Patch Gold Corp. (TSX-V:RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") announces that the TSX Venture Exchange ("TSX-V") has accepted the Company's notice of intention to make a normal course issuer bid (the "NCIB"or "Buy-back") for its common shares through the facilities of the TSX-V.
Management of the Company is of the opinion that its common shares have been trading at prices significantly below the underlying value of the Company and that conducting the NCIB gives the Company flexibility to purchase its common shares if it determines it is in the best interests of the Company to do so.
The parameters of the NCIB have been established to ensure that Rye Patch continues to have a healthy treasury, substantial on-going cash flow from the Rochester Royalty and ensure that its current projects and its ability to capitalize on new opportunities remains well funded.
On May 1, 2015, Rye Patch may, by allocating up to a maximum of ten percent (10%) of its quarterly royalty income, commence making purchases of up to a maximum of 7,300,000 common shares, which represents approximately five percent (5%) of the Company's 146,446,746 issued and outstanding common shares as at May 1, 2015.
A purchase of common shares under the NCIB also may not, when aggregated with the total of any other purchases in the 30 days preceding the purchase, whether through the facilities of the TSX-V or otherwise, exceed 2% of the total issued and outstanding common shares of the Company at the time the purchase is made.
Haywood Securities Inc. will be conducting the NCIB on behalf of the Company. Any common shares acquired under the NCIB will be purchased at the market price. All shares acquired by the Company pursuant to the NCIB will be cancelled following purchase. The normal course issuer bid will terminate on the earlier of the date determined by the Company and April 30, 2016..
Quelle: ryepatchgold.com
Quelle: bigcharts.com
Rye Patch Gold: Exklusives Interview mit dem Präsidenten, CEO und Co-Founder Bill Howald im Rahmen der Europa-Roadshow
Ende März traf ich Rye Patch Gold's (TSX-V:RPM) CEO, Präsident und Co-Founder Bill Howald und konnte ihn für ein interessantes Interview gewinnen. Folgend einige Einblicke..
Link: http://rohstoffaktien.blogspot.de/2015/04/rye-patch-gold-exklusives-interview-mit.html
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