This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:TTM Resources arranges 3.5-million-share buyback 2009-11-17 16:05 ET - News Release TTM RESOURCES INC Mr. Crichy Clarke reports
TTM Resources Inc. has today received
approval from the TSX Venture Exchange to make a normal course issuer bid
to purchase for cancellation, from time to time, as it considers advisable, up to
3.5 million of the company's issued and outstanding common shares (being approximately
7.5 per cent of the 46,329,989 common shares outstanding at Nov. 17, 2009). Purchases will be
made in accordance with exchange requirements, on the open market through the facilities of
the exchange. CIBC World Markets Inc. will conduct the bid on behalf of the company. The
price that the company will pay for any shares purchased will be the prevailing market price of
such shares on the exchange at the time of such purchase. The company will spend up to an
aggregate maximum of $1 million on the bid.
The bid will commence on Nov. 23, 2009 and will terminate on the earlier of Nov. 22,
2010, or the date on which the company has acquired all of the shares sought pursuant to the
bid. The remainder is available to Stockwatch subscribers.
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