TORONTO, March 8, 2012 /CNW/ - (TSX: GPC) Aston Hill Senior Gold Producers Income Corp. (the "Fund") has renewed its normal course issuer bid to purchase up to 537,803 shares of the Fund representing approximately 10% of the public float of 5,378,035 shares. The Fund may purchase up to 107,560 shares in any 30 day period which is 2% of the 5,378,035 issued and outstanding shares at March 2, 2012.
As of March 2, 2012, the Fund had purchased 119,300 shares under its current bid at an average price of $8.43 per share.
The shares may be purchased for cancellation from March 9, 2012 to March 8, 2013 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per share not exceeding the last published net asset value per share. 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.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.