Tudor Corporation Ltd. announces renewal of Normal Course Issuer Bid

    CALGARY, June 20 /CNW/ - Tudor Corporation Ltd. announced today that the
Toronto Stock Exchange ("TSX") has accepted Tudor's Notice of Intention to
make a Normal Course Issuer Bid (the "Bid") to purchase (for cancellation) on
the open market through TSX, from time to time, as Tudor considers advisable,
up to 1,481,060 of Tudor issued and outstanding common shares ("Shares"),
representing approximately 5% of the 29,621,204 Shares outstanding as at
June 16, 2008. The daily repurchase limit will be 2,171 Shares and purchases
in excess of such amount may not be exceeded during any one day, unless they
are made in accordance with the block purchase exception set out in section
629(7) of the TSX Company Manual which would allow the Corporation to make one
block purchase per calendar week which exceeds the daily repurchase limit. The
price which Tudor will pay for any Shares purchased by it will be the
prevailing market price of the Shares on the TSX at the time of such purchase.
The actual number of Shares that may be purchased and the timing of any such
purchases will be determined by Tudor in the context of the market at the time
and is subject to certain limits under the current policies of TSX.
    The Bid will commence on June 23, 2008 and will terminate June 22, 2009
or such earlier time as the Bid is completed or terminated at the option of
    Management of Tudor believes that the market price of the Shares does not
fully reflect the underlying value of the Shares and that this may persist
throughout the next year, and that at such time, the purchase of Shares would
be in the best interests of Tudor. Such purchases will increase the
proportionate interest of, and may be advantageous to, all remaining
shareholders. In addition, the purchases by Tudor may increase liquidity to
Tudor's shareholders wishing to sell their Shares.

For further information:

For further information: Lionel Conn, President and Chief Executive
Officer, Tel: (403) 250-7225, Fax: (403) 291-5146

Organization Profile

Tudor Corporation Ltd.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890