Mr. Frank Mills reports
PARK LAWN COMPANY LIMITED ANNOUNCES NORMAL COURSE ISSUER BID
Park Lawn Company Ltd. is making a normal course issuer bid through the facilities of the Canadian Securities Exchange. The company is executing a normal course issuer bid at this time as its board of directors and management believe that the company's value is not adequately reflected in its current price.
Under the normal course issuer bid, the company will purchase up to 44,672 shares, representing up to 10 per cent of the public float of the currently issued and outstanding shares of the company. The normal course issuer bid is expected to commence on or about June 14, 2018, and will not extend beyond June 13, 2019. The purchase and payment for the shares of the company will be made in accordance with the requirements of the CSE. Any purchases will be made by the company at the prevailing market prices of the shares at the time of purchase. All shares purchased will be cancelled. The actual number of shares purchased, timing of purchases and the price at which the shares are bought will depend upon future market conditions and potential alternative uses for the company's cash resources.
The member the company will be using is Clarus Securities Inc., Suite 3640, 130 King St. W, Toronto, Ont., M5X 1A9 (telephone: 416-242-2777).
About Park Lawn Company Ltd.
In addition to its continued involvement in the development of the 57 Linelle St. site, Park Lawn Company holds 37,092 shares of Park Lawn Corp.
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