Macro Enterprises Inc. (TSX VENTURE:MCR) (the "Company" or "Macro") announces
that it has received TSX Venture Exchange ("TSXV") approval to proceed with a
normal course issuer bid for up to 1,032,631 common shares of the Company, which
is approximately 4.3% of the Company's 23,930,782 issued shares as of today's
date. The Company's normal course bid will commence July 27, 2012. Purchases
will be made on the TSXV at the market price at the time of acquisition.


The Company's normal course issuer bid will terminate on July 26, 2013 or
earlier if the number of shares sought in the issuer bid has been obtained. The
Company reserves the right to terminate the bid earlier at any time.


The normal course issuer bid will be conducted through Alta Corp Capital of
1100, 888 3rd Street SW, Calgary, Alberta.


The Company will purchase common shares when it believes that they are
undervalued at the current market prices based on its current earnings and
future prospects and provided that the repurchase of common shares at such
market prices is an appropriate use of corporate funds. The Company has not
determined a maximum price it will pay as the price will be determined in the
context of the market and the outlook for the Company's operations.


All shares will be purchased on the open market through the facilities of the
TSXV and payment for the shares will be in accordance with TSXV policies. The
shares purchased by the Company will be cancelled. The Company will periodically
report its purchases as required by regulatory policy. To the knowledge of the
Company, no director, senior officer or other insider of the Company currently
intends to sell any common shares under this bid. However, sales by such persons
through the facilities of the TSXV may occur if the personal circumstances of
any such person changes, or any such person makes a decision unrelated to these
normal course purchases. The terms of sale for any insider would be identical to
those available to all other holders whose shares are purchased.


Macro's core business is providing pipeline and facilities construction and
maintenance services to major companies in the oil and gas industry in
northeastern B.C. and northwestern Alberta. The Company's corporate office is in
Calgary, Alberta. Its shares are listed on the TSXV under the symbol MCR.
Information on the Company's principal operating unit, Macro Industries Inc.,
can be found at www.macroindustries.ca.


CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains "forward-looking statements" that are based on Macro's
intentions to re-purchase shares. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward-looking
statements. Macro's intentions in regards to re-purchasing shares may change at
any time and there is no guarantee that the targeted number of shares or any
shares will be re-purchased.


Grafico Azioni Macro Enterprises (TSXV:MCR)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Macro Enterprises
Grafico Azioni Macro Enterprises (TSXV:MCR)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Macro Enterprises