| Lynden Reports Intention to Undertake a Normal Course Issuer Bid | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 24, 2015) - Lynden Energy Corp. (TSX VENTURE:LVL) reports that it has received approval from the TSX Venture Exchange to conduct a normal course issuer bid to purchase for cancellation up to 6,500,000 of its common shares representing approximately 5% of its issued and outstanding share capital. The normal course issuer bid will be conducted through the facilities of the TSX Venture Exchange. The share repurchase is being launched because management is of the view that the company's stock is significantly undervalued. Purchases under the normal course issuer bid may be made any time during the 12-month period beginning on June 29, 2015 and ending on June 28, 2016. Purchases will be made through Haywood Securities Inc. About Lynden Lynden Energy Corp. is in the business of acquiring, exploring and developing petroleum and natural gas rights and properties. The Company has various working interests in the Midland Basin and Eastern Shelf of the Permian Basin, West Texas, USA. Further information relating to Lynden is also available on its website at www.lyndenenergy.com.
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Lynden Energy Ltd.
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CODE : LVL.V |
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ISIN : CA5512751002 |
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CUSIP : 551281108 |
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Lynden Energy is a and oil exploration company based in Canada. Lynden Energy holds various exploration projects in USA. Its main exploration property is PARADOX BASIN in USA. Lynden Energy is listed in Canada and in United States of America. Its market capitalisation is CA$ 57.3 millions as of today (US$ 44.4 millions, € 39.3 millions). Its stock quote reached its lowest recent point on December 21, 2006 at CA$ 0.18, and its highest recent level on July 04, 2008 at CA$ 1.90. Lynden Energy has 130 200 000 shares outstanding. |