Buy back and share cancellation going full bore....
Since Sept 21 466,000 shares repurchased and cancelled or about 2.5% of O/S.
Receives Approval To Buy Back Up To 797,765 Common Shares
ARVADA, COLORADO--(Marketwire - Sept. 4, 2007) - Industrialex Manufacturing Corp. (TSX VENTURE:IXC.U) -
The Company wishes to announce that it has obtained the approval of the TSX Venture Exchange to undertake a normal course issuer bid to purchase up to 797,765 of its 19,293,592 issued and outstanding common shares representing approximately 4.13% of the Company's issued and outstanding common shares. Purchases will be made on the open market through the facilities of the Exchange. All purchases will be made, on behalf of the Company, by Canaccord Capital Corporation. The price paid will be the prevailing market price of such common shares at the time of purchase. Any shares purchased pursuant to the bid will be cancelled and returned to treasury.
The bid will commence on September 7, 2007 and will terminate on September 6, 2008 or at such earlier time as at which the bid is completed. The Company reserves the right to terminate the bid earlier if it feels that it is appropriate to do so.
The Company believes that the current market price of its securities does not give full effect to their underlying value and that, accordingly, the purchase price of securities will increase the proportionate interest of, and be advantageous to, all remaining security holders. The normal course purchases will also afford an increased degree of liquidity in the market.
Further announcements will be made as and when appropriate.
Security designation: Common Shares
1116144 2007-09-21 2008-01-09 Direct Ownership :
00 - Opening Balance-Initial SEDI Report 6,000
1116172 2007-09-26 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +94,000 0.0650
1116173 2007-11-09 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +4,000 0.1250
1116175 2007-11-12 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +27,000 0.1250
1116178 2007-11-15 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +9,500 0.1250
1116179 2007-11-22 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +10,000 0.1250
1116192 2007-11-23 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +76,000 0.1250
1116195 2007-12-03 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +25,000 0.1850
1116196 2007-12-03 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +5,000 0.1800
1116197 2007-12-03 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +20,000 0.1600
1116199 2007-12-03 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +5,000 0.1700
1116202 2007-12-04 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +2,000 0.1600
1116204 2007-12-06 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +1,000 0.1600
1116205 2007-12-07 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +20,000 0.1600
1116207 2007-12-12 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +2,000 0.1600
1116208 2007-12-12 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +4,500 0.1250
1116210 2007-12-13 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +10,000 0.1700
1116212 2007-12-14 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +10,000 0.1600
1116213 2007-12-21 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +5,000 0.1500
1116214 2007-12-24 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +10,000 0.1400
1116215 2007-12-24 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +20,000 0.1300
1116217 2007-12-24 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +5,000 0.1500
1116218 2007-12-24 2008-01-09 Direct Ownership :
38 - Redemption, retraction, cancellation, repurchase +95,000 0.1250
