PERTH, Western Australia, March 12 /CNW/ - The Board of Directors of CGA
Mining Limited ("the Company") has approved an on-market buy-back programme of
up to 12,026,443 million shares.
Shareholder approval will not be required as the Company will remain
within the limit permitted under Section 257B of the Corporations Act which
permits companies to purchase, without shareholder approval, up to 10% of
their issued capital within a 12 month period.
The Company has been granted an exemption order from the Issuer Bid
Requirements contained in sections 95 to 100 of the Securities Act (Ontario)
provided that the buy-back is made in compliance with applicable Australian
The Company will be entitled to buy shares on-market from 14 March 2007
and the right will continue for a 12 month period.
Any shares purchased under the on-market buy-back will be cancelled.
The Company has appointed Patersons Securities Limited to act as brokers
to the on-market buy-back programme.
For further information:
For further information: Australian Contact, President & CEO - Michael
Carrick, Tel: +61 8 9263 4000, Fax: +61 8 9263 4020, Email:
firstname.lastname@example.org; US Contact, Chairman - Mark Savage, Tel: (505) 344-2822,
Fax: (505) 344-2922, Email: email@example.com