TORONTO, Nov. 7, 2011 /CNW/ - (TSX: OGF.UN) Aston Hill Oil & Gas Income Fund has renewed its normal course issuer
bid to purchase up to 1,774,500 units of the Fund representing
approximately 10% of the public float of 17,745,250 units. The Fund may
purchase up to 354,905 units in any 30 day period which is 2% of the
17,745,250 issued and outstanding units at October 31, 2011.
As of October 31, 2011, the Fund had purchased 259,200 units under its
current bid at an average price of $5.57 per unit.
The units may be purchased for cancellation from November 8, 2011 to
November 7, 2012 through the facilities of the TSX or other eligible
alternative market and may only be purchased at a price per unit not
exceeding the last published net asset value per unit. The Manager of
the Fund believes that such purchases are in the best interest of the
Fund and are a desirable use of its available funds.
Further information on the Fund is available at www.astonhill.ca.
SOURCE Aston Hill Oil
For further information:
Michael J. Killeen
Aston Hill Management Limited