Raimount announces change of Purchasing Agent for Normal Course Issuer Bid
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS./
CALGARY, Jan. 9, 2014 /CNW/ - Raimount Energy Inc. ("Raimount" or the "Corporation"), TSXV: RMT announces that effective November 1, 2013, the Purchasing Agent for the Company's Normal Course Issuer Bid (the "NCIB") has changed from Macquarie Private Wealth Inc. of Calgary, Alberta to Richardsons GMP Limited of Calgary, Alberta.
Under the terms of the current NCIB dated June 20, 2013, Raimount may purchase up to a maximum of 221,131 of the Corporation's current issued and outstanding Common Shares, provided that not more than 2% of its issued and outstanding Common Shares are acquired in any 30 day period. All orders to purchase Company shares shall terminate on or before June 19, 2014. During the current term, the Company has purchased a total of 1,400 Common Shares at an average price of $2.13 per share. All shares purchased under the NCIB have been or will be returned to treasury and cancelled. All purchases of shares under the NCIB are undertaken through the facilities of the TSXV at the prevailing current market price of the shares of the Corporation as traded on the TSXV.
Shareholders of Raimount will be advised of the current status of the NCIB in the annual materials of the Corporation to be mailed to Shareholders and filed on SEDAR in February of this year.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Raimount Energy Inc.For further information: Raimount Energy Inc., Gregory A. Vavra, President, 403-265-6292 ext. 1, email@example.com