15:26:46 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



RDX Technologies Corp
Symbol RDX
Shares Issued 169,138,059
Close 2013-09-04 C$ 0.235
Market Cap C$ 39,747,444
Recent Sedar Documents

RDX Technologies plans to buy back shares

2013-09-05 15:12 ET - News Release

Mr. Dennis Danzik reports

RDX BOARD APPROVES STOCK BUYBACK PLAN

RDX Technologies Corp.'s board of directors has approved a share buyback plan for the next year.

RDX announces that subject to the rules of the TSX Venture Exchange, a stock buyback plan will commence as soon as an approved brokerage account can be established. The stock buyback plan will run through August of 2014, but the stated shares can be purchased beginning when the approved brokerage account is established. All shares will be purchased through a broker/member at the market price based on the last independent trade of RDX shares. RDX will only transact through a broker/member in the public market. Notice will be give if RDX changes brokers. All trades must be done through the TSX-V; there will be no prearranged trades, crosses or private trades. All shares purchased will be cancelled.

Dennis M. Danzik, RDX chief executive officer, stated: "This is one of the steps that the company will be taking to clean up our capital structure over the next 12 months. By reducing the number of outstanding shares, we believe we are creating more flexibility as a company and anticipate steadily increasing our shareholder value. Another foundational step in a long-term process to build a value-based organization."

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