Pursuant to a Normal Course Issuer Bid during the last twelve months, Tuscany has purchased 1,783,000 Common Shares at an average price of approximately
The Bid will commence on
The Board of Directors of Tuscany believe that the current and recent market prices of Tuscany's shares do not give full effect to their underlying value and that, accordingly, the purchase of shares will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. The normal course purchases will also afford an increased degree of liquidity to Tuscany shareholders who would like to dispose of their shares.
Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information: JGF McLeod, President, Calgary, Alberta, TUSCANY ENERGY LTD., Telephone: (403) 264-2398, Fax: (403) 264-2399; Robert W. Lamond, Chairman, Calgary, Alberta, TUSCANY ENERGY LTD., Telephone: (403) 269-9889, Fax: (403) 269-9890; TSXV: TUS
Share this article