Antigua Enterprises Inc advises that the TSX Venture Exchange has accepted Antigua's Notice of Intention To Make A Normal Course Issuer Bid to purchase some of its common shares through the facilities of the TSX-V. The normal course issuer bid will commence September 17, 2007, and terminate not later than September 17, 2008.
Antigua seeks to purchase for cancellation up to 2,081,159 common shares at a price not to exceed Cdn$0.30 per common share over the course of the next twelve months, being 5% of its issued and outstanding common shares as of September 17, 2007. No more than 2% of the outstanding shares will be purchased in any 30-day period. As of September 17, 2007, Antigua had 41,623,185 common shares issued and outstanding.
The purchase of and payment for the common shares of Antigua purchased pursuant to the normal course issuer bid will be made by Antigua in accordance with the policies and rules of the TSX-V and the price which Antigua will pay for any such common shares will be the market price of such common shares at the time of acquisition.
Antigua has retained Global Securities Corporation as its broker to conduct the normal course issuer bid on behalf of Antigua.
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