Lions Gate Metals Inc.

Published : September 16th, 2008

announces NCIB intention

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Hello,

 

Lions Gate Metals announces NCIB intention

 

Vancouver, BC Canada, September 16, 2008 ? Lions Gate Metals Inc. (TSX-V: LGM) (?LGM? or the ?Company?) announces that it has filed with the TSX Venture  Exchange a notice of its intention to make  a normal course issuer bid.

 

The notice provides that the Company intends to purchase up to 527,853 of its common shares by way of normal course purchases through the facilities Exchange representing 5% of the Company?s outstanding common shares.  The actual number of shares and the timing of the purchases will be determined by LGM.  Purchases pursuant to the bid will be conducted by Blackmont Capital Corp. in accordance with the policies of the Exchange.  The Company will pay the market price for the shares at the time of purchase.  All purchased common shares will be cancelled.

 

Lions Gate believes that the market price of its common shares is such that their purchase may be an attractive and appropriate use of corporate funds in light of potential benefits to remaining shareholders.

 

Mark Hewett states, ?We believe that with the company?s current assets, specifically our Poplar Project, the current valuation of the company is extremely attractive for the repurchase of our shares.  The Poplar Project presents a significant opportunity for LGM?.

 

The proposed normal course issuer bid remains subject to the acceptance of the TSX Venture Exchange.

 

Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects throughout British Columbia.  

 

For further information please contact:

LIONS GATE METALS INC.

Blair McIntyre, Business Development Manager

(604) 683-7588

www.lionsgatemetals.com

 

 

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

 

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Lions Gate Metals Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Lions Gate Metals? expectations are exploration risks detailed herein and from time to time in the filings made by Lions Gate Metals with securities regulators.

 

 

Regards,

LGM_Logo

Lions Gate Metals

Blair McIntyre

(604) 683-7588

 

 

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Lions Gate Metals Inc.

EXPLORATION STAGE
CODE : LGM.V
ISIN : CA53626Q2045
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Lions Gate Metals is a copper and molybdenum exploration company based in Canada.

Lions Gate Metals holds various exploration projects in Canada.

Its main exploration properties are KELLY CREEK PROPERTY, POPLAR and HUDSON BAY MOUNTAIN in Canada.

Lions Gate Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 528 000 as of today (US$ 491 093, € 361 101).

Its stock quote reached its highest recent level on August 28, 2009 at CA$ 5.60, and its lowest recent point on October 11, 2013 at CA$ 0.04.

Lions Gate Metals has 7 040 000 shares outstanding.

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Annual reports of Lions Gate Metals Inc.
2007 Annual Report
Option Grants of Lions Gate Metals Inc.
6/9/2011Announces Signing of Investor Relations Agreement
Nominations of Lions Gate Metals Inc.
10/22/2013Announces Director Resignation
7/19/2013Welcomes New Directors
2/1/2013Announces Resignations
5/2/2011Appoints Gordon Keevil to the Board
Project news of Lions Gate Metals Inc.
10/19/2012(Poplar)Completes Binding LOI for the Sale of its Poplar Project
3/7/2011(Poplar)Intersects 229m of 0.41% Copper at Poplar
2/16/2010(Poplar)Encouraging Geophysical Results
Corporate news of Lions Gate Metals Inc.
10/31/2013Announces Stock Consolidation
9/14/2013Anomalous Resistivity Zone Identified at Whitford Lake, SK.
3/19/2013Enters Into Agreement to Acquire the Whitford Lake Uranium P...
1/2/2013Cancels Option Agreement and Announces Management Changes
9/13/2012Announces Director and Management Changes
4/20/2011(Poplar)7th Hole at Poplar Assays 220m of 0.35% Copper
4/13/2011(Poplar)298m of 0.44% Copper Expands Higher Grade Zone at Poplar Pro...
4/5/2011(Poplar)Third Hole at Poplar Assays 220m of 0.44% Copper
3/16/2011Second Hole at Poplar Includes 148m of 0.39% Copper
5/10/2010Andrew Gourlay Joins Lions Gate Metals as VP of Exploration
3/18/2010Posts Filing Statement for Ausnico Transaction
1/14/2010Letter from the CEO
12/2/2009Resinco(tm) Capital Partners Takes Board Position at Lions G...
9/4/2009Reaches Agreement to Acquire Australian Nickel Explorer
1/13/2009 Opens Beijing Office
9/16/2008announces NCIB intention
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TSX-V (LGM.V)
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