TORONTO, Jan. 27 /CNW/ - Marsulex Inc. (TSX: MLX) reported today that it
has purchased for cancellation 620,300 of its common shares pursuant to a
block purchase exemption under its normal course issuer bid ("NCIB"). The
shares were purchased at a cost of $7.25 per share for a total cost of
approximately $4.5 million.
Under the previously announced NCIB, which will expire on November 13,
2009, Marsulex was permitted to purchase up to 1,650,000 of its common shares,
representing approximately 5% of its issued and outstanding common shares.
Following the purchase, Marsulex will have room under its NCIB to purchase up
to 1,029,700 of its common shares prior to November 13, 2009.
Marsulex, which is based in Toronto, Ontario, is a leading provider of
industrial services, including environmental compliance solutions for air
quality control, processing or handling of industrial by-products or waste
streams, and is a producer and marketer of sulphur-based industrial chemicals.
The Company's services and products are provided to a broad base of industrial
customers in a wide range of industries. Website: www.marsulex.com
This news release may contain forward-looking statements and information.
These statements are based on current views and expectations that are subject
to risks, uncertainties and assumptions that are difficult to predict.
Actual results may differ materially from results suggested in any
forward-looking statements whether as a result of new information, future
developments or otherwise. Other than as required under securities laws, we do
not undertake to update any forward-looking information at any particular
time. The reader should not place undue importance on forward-looking
information and should not rely upon this information as of any other date.
Additional information identifying risks, uncertainties and assumptions is
contained in the Company's filings with the securities regulatory authorities,
which are available at www.sedar.com. All forward-looking information
contained in this news release is expressly qualified in its entirety by this
For further information:
For further information: Laurie Tugman, President and CEO, Tel: (416)
496-4157; or William Martin, Chief Financial Officer, Tel: (416) 496-4164