TSX Symbol - PSD
CALGARY, Nov. 26 /CNW/ - Pulse Data Inc. ("Pulse" or "the Company")
announces that the Toronto Stock Exchange has accepted the Company's Notice of
Intention to purchase through a normal course issuer bid up to 3,945,805
common shares (representing 10% of the public float of 39,458,055 common
shares). All shares purchased under the normal course issuer bid will be
cancelled. The duration of the normal course issuer bid will be from
November 28, 2007 through November 27, 2008.
The Company's purchase of shares during any trading day will not exceed
34,945 common shares, representing 25 percent of the average daily trading
volume of the shares based on the number of shares traded during the most
recently completed six calendar months preceding the filing of the Notice of
Intention, and subject to Pulse's ability to make block purchases in
accordance with the TSX's facilities and rules.
Pulse believes that its common shares may from time to time be
During the preceding twelve month period, Pulse purchased 541,100 common
shares under a normal course issuer bid at a weighted average price of $2.87
Pulse is a Calgary-based company specializing in seismic data
acquisition, licensing and marketing. Pulse's seismic library consists of
approximately 257,300 net square kilometres of 3D seismic data and more than
11,600 net kilometres of 2D seismic data.
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Disclaimer: Certain information contained herein may constitute
forward-looking statements under applicable securities laws. Such statements
are subject to known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements. Investors are encouraged to review the "Risk
Factors" section of the Management's Discussion and Analysis in the Company's
most recent Annual Report and interim reports for a discussion of risks that
could affect the Company's operations and financial results. Forward-looking
statements are based upon management's assumptions, expectations and estimates
at the time that such statements are made. Pulse does not update
forward-looking statements should circumstances change or management's
assumptions, expectations or estimates change, unless required by law.
For further information:
For further information: Douglas Cutts, President and C.E.O., Tel: (403)
237-5559, Toll-free: 1-877-460-5559, E-mail: firstname.lastname@example.org; Please
visit our website at www.pulsedatainc.com