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TORONTO, ONTARIO--(Marketwired - Oct. 27, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt International Corporation ("Sherritt") (TSX:S) announced today its intention to commence a normal course issuer bid to purchase for cancellation up to 5% of its issued and outstanding common shares over a 12-month period (the "Program"). The commencement of the Program is subject to Toronto Stock Exchange ("TSX") approval.
Repurchases under the Program may be made through the facilities of the TSX or alternative trading platforms or by such other means permitted by the TSX. Sherritt will pay the market price at the time of purchase. The actual number of common shares repurchased under the Program and the timing of such repurchases will be in Sherritt's discretion and will be subject to the limitations set out in TSX Company Manual.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol "S".
Sherritt International Corporation
Investor inquiries:
416-935-2451
Toll-free: 1-800-704-6698
[email protected]
www.sherritt.com
Sherritt International Corporation
Media inquiries:
416-935-2421
Toll-free : 1-888-625-3448
[email protected]
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Sherritt International Corporation
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PRODUCER |
CODE : S.TO |
ISIN : CA8239011031 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sherritt International is a nickel producing company based in Canada. Sherritt International produces nickel, cobalt in Cuba, develops nickel in Madagascar. Its main asset in production is MOA in Cuba, its main asset in development is AMBATOVY in Madagascar and its main exploration property is COAL VALLEY in Canada. Sherritt International is listed in Canada. Its market capitalisation is CA$ 97.1 millions as of today (US$ 70.9 millions, € 66.2 millions). Its stock quote reached its highest recent level on September 22, 2006 at CA$ 9.99, and its lowest recent point on March 20, 2020 at CA$ 0.09. Sherritt International has 294 280 000 shares outstanding. |