Aber Appoints New Director, Announces Date of Year-End Earnings Release, and Confirms details of Share Repurchase Plan
10 Febbraio 2005 - 6:24PM
PR Newswire (US)
Aber Appoints New Director, Announces Date of Year-End Earnings
Release, and Confirms details of Share Repurchase Plan TORONTO,
Feb. 10 /PRNewswire-FirstCall/ -- ABER DIAMOND CORPORATION (TSX-
ABZ, NASDAQ-ABER) announced today the appointment of John M.
Willson to the Company's Board of Directors. Mr. Willson began his
mining career as a mining engineer working in West Africa, Montana,
British Columbia and Greenland. In 1985 Mr. Willson was appointed
CEO of Western Canada Steel Ltd., a subsidiary of Cominco. He then
served as CEO of Pegasus Gold Inc. for four years before becoming
the President and CEO of Placer Dome Inc. During his tenure at
Placer Dome, he served as chairman on the board of the World Gold
Council from 1999-2001. Mr. Willson retired in 2000, and currently
serves on various Canadian corporate and charitable boards. Mr.
Willson has a Masters of Science in Mining Engineering from the
Royal School of Mines, London University. Aber will release its
Fourth Quarter and Year-End results on March 9, 2005 prior to the
market open, and host a webcast on March 9, 2005 at 8:30 a.m. (EST)
to review these results and its outlook. Interested parties may
listen to the broadcast on the Internet at http://www.aber.ca/. The
Company also wishes to announce that The Toronto Stock Exchange has
accepted its notice of intention to proceed with a normal course
issuer bid to allow the Company to buy back a percentage of its
shares on the open market. The Company filed the normal course
issuer bid as a means to return value to its shareholders. The
notice filed with the Exchange provides that the Company may
purchase, through the facilities of the Exchange over a one year
period, up to a total of 5% of its outstanding shares, representing
2,850,000 shares. As of January 21, 2005 there were 57,918,279
shares outstanding. The purchases may commence on February 14, 2005
and will terminate on the earlier of the date on which the Company
may complete its purchases pursuant to the notice, the Company
terminates the program, or February 13, 2006. Purchases will be
made by the Company in accordance with the rules and policies of
the Exchange and the prices that the Company will pay for the
shares will be the market price of such shares at the time of
acquisition thereof. Any shares so purchased will be cancelled.
About Aber Aber Diamond Corporation is a specialist diamond company
focusing on the mining and retail segments of the diamond industry.
The Company supplies rough diamonds to the global market through
its 40% ownership in the Diavik Diamond Mine, located off Lac de
Gras in Canada's Northwest Territories. Aber also holds a 51%
interest in Harry Winston Inc., the premier retailer of diamond
jewelry. DATASOURCE: Aber Diamond Corporation CONTACT: Robert A.
Gannicott, Chairman and Chief Executive Officer, (416) 362-2237;
Amir Kalman, Manager, Investor Relations, (416) 362-2237 (ext. 244)
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