ROCA-Notice of Intention to Make Normal Course Issuer Bid
28 Maggio 2008 - 10:42PM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Roca" or "the Company") has filed
with the TSX Venture Exchange (the "Exchange") a notice of its
intention to make a normal course issuer bid (the "Bid") for its
common shares through the facilities of the Exchange.
A maximum of 4,078,500 common shares, representing approximately
5% of the issued and outstanding common shares in the Company, will
be eligible for purchase in the 12-month period commencing June 2,
2008, and ending on June 1, 2009. Pursuant to the policies of the
Exchange, Roca is permitted to re-purchase through open market
purchases, up to 2% of its outstanding common shares in any given
30 day period.
The price that the Company will pay for any such common shares
will be the market price at the time of acquisition and any common
shares purchased pursuant to the Bid will be cancelled. The actual
number of common shares that may be purchased and the timing of any
such purchases will be determined by Roca based upon market and
investment considerations. As of the date hereof, there are
81,570,328 common shares of Roca issued and outstanding.
The Company considers the Bid to be in the best interest of the
Company and its shareholders. Any re-purchase by the Company of its
shares would be for its own corporate purposes and reasons. The
Company believes that there may be times over the course of the
year when its common shares may trade in a price range that does
not adequately reflect their value in relation to Roca's business
and its future business prospects. As a result, depending on future
price movements and other factors, Roca believes that its
outstanding common shares may represent an attractive investment
and a desirable use of a portion of its available funds. The
re-purchase by the Company of any of its shares should not be
deemed or construed as a recommendation to purchase any of its
shares or an indication of the present or future value of the
Company's shares.
The name of the member conducting the Bid on behalf of Roca is
Desjardins Securities Inc.
Shareholders may obtain a copy of the notice by contacting
Roca's head office.
ROCA MINES INC.
David J. Skerlec - Chief Financial Officer
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Roca Mines Inc. Doug Fosbrooke Investor Relations
(604) 684-2900 (604) 684-2902 (FAX) Email: info@rocamines.com
Website: www.rocamines.com
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