Pulse Seismic Inc. Announces Renewal of Normal Course Issuer Bid
13 12월 2013 - 9:00PM
Marketwired
Pulse Seismic Inc. Announces Renewal of Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Dec 13, 2013) - Pulse Seismic
Inc. (TSX:PSD)(OTCQX:PLSDF) ("Pulse" or "the Company") announces
that the Toronto Stock Exchange (the "TSX") has accepted the
Company's Notice of Intention to purchase through a normal course
issuer bid up to 4,817,820 common shares (representing 10% of the
public float of 48,178,201 common shares as at December 12, 2013).
All shares will be purchased through the facilities of the TSX and
all shares purchased under the normal course issuer bid will be
cancelled. The duration of the normal course issuer bid will be
from December 17, 2013 through December 16, 2014. As of December
12, 2013, there were 59,349,120 common shares issued and
outstanding.
The Company's purchase of shares during any trading day will not
exceed 18,154 common shares (representing 25 percent of the average
daily trading volume of the shares on the TSX during the most
recently completed six calendar months preceding the filing of the
Notice of Intention), subject to Pulse's ability to make block
purchases in accordance with the TSX facilities and rules.
Pulse believes that its common shares may from time to time be
undervalued.
During the period from December 13, 2012 through December 12,
2013, Pulse purchased 2,447,222 common shares under the normal
course issuer bid at a weighted average price of $3.40 per
share.
CORPORATE PROFILE
Pulse is a market leader in the acquisition, marketing and
licensing of 2D and 3D seismic data to the western Canadian energy
sector. Pulse owns the second-largest licensable seismic data
library in Canada, currently consisting of approximately 28,300
square kilometres of 3D seismic and 340,000 kilometres of 2D
seismic. The library extensively covers the Western Canada
Sedimentary Basin where most of Canada's oil and natural gas
exploration and development occur.
Pulse Seismic Inc.Neal ColemanPresident and Chief Executive
Officer(403) 237-5559 or Toll-free: 1-877-460-5559Pulse Seismic
Inc.Pamela WicksVP Finance and Chief Financial Officer(403)
237-5559 or Toll-free:
1-877-460-5559info@pulseseismic.comwww.pulseseismic.com
Pulse Seismic (QX) (USOTC:PLSDF)
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Pulse Seismic (QX) (USOTC:PLSDF)
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