Normal Course Issuer Bid
Common Shares
The Corporation has renewed its normal course issuer bid, through the Toronto Stock Exchange, for the period of December 1, 2009 to November 30, 2010. The Corporation intends to purchase for cancellation, during the course of the bid, up to but not more than 6,000,000 common shares (the “Common Shares”), representing 0.64% of the outstanding Common Shares on November 18, 2009. As of November 18, 2009 the total number of issued and outstanding Common Shares was 944,711,974. The average daily trading volume for the six months ending on October 31, 2009 was 563,466 Common Shares. The daily repurchase restriction during the course of the bid is 140,867 Common Shares, representing 25% of the average daily trading volume. Any shares purchased by the Corporation under the bid will be cancelled.
The Corporation utilizes this normal course issuer bid program to acquire the Common Shares in order to mitigate the dilutive effect of stock options issued under the Corporation’s Stock Option Plan.
A copy of the Notice of Intention to make a Normal Course Issuer Bid (the “Notice”) is available on SEDAR. Shareholders may also obtain a copy of the Notice, at no charge, by contacting the Corporate Secretary's Office.
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