CALGARY, Sept. 10, 2013 /CNW/ - MBN Corporation announced
that it has filed a notice with the Toronto Stock Exchange (the
"TSX") and received its approval to make a normal course issuer bid
("NCIB") for its equity shares through the facilities of the
TSX. This NCIB will commence on September 12, 2013 and will terminate on
September 11, 2014.
The Fund had 4,576,251 equity shares issued and
outstanding as at September 6,
2013. The Fund may, during the 12 month period
commencing September 12, 2013
purchase on the TSX up to 384,364 equity shares, being 10% of the
public float and may not, in any 30 day period, purchase more than
91,525 equity shares, being 2% of the equity shares issued and
outstanding. The Fund will cancel all equity shares purchased
pursuant to the bid. As at September
6, 2013 the Fund had purchased 46,500 equity shares at an
average price of $5.58 per equity
share under its previously approved normal course issuer bid.
The Fund is implementing the NCIB to allow it to purchase equity
shares if and when it makes sense to do so.
MBN Corporation trades on the Toronto Stock
Exchange under the symbol "MBN".
SOURCE MBN Corporation