|By Marketwired .||
|May 2, 2014 04:30 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/02/14 -- Dundee Energy Limited (TSX: DEN) ("Dundee Energy" or the "Company") today announced receipt of regulatory approval respecting its intention to continue its normal course issuer bid (the "Bid") through the facilities of the Toronto Stock Exchange ("TSX") from May 7, 2014 to May 6, 2015. Dundee Energy may purchase up to a maximum of 9,410,209 of its common shares ("Common Shares"), representing approximately 5% of the Common Shares issued and outstanding as of April 30, 2014. As of April 30, 2014, there were 188,204,184 Common Shares issued and outstanding. Dundee Energy may purchase up to 7,056 Common Shares during any trading day, which represents 25% of its average daily trading volume, being 28,226 Common Shares for the most recently completed six calendar months prior to TSX acceptance of the notice of normal course issuer bid, other than pursuant to a block purchase exception. The purchases will be made in accordance with the policies and rules of the TSX. The price paid for any Common Shares acquired will be the market price at the time of purchase and all Common Shares purchased under the Bid will be cancelled.
Dundee Energy believes that the purchase of its Common Shares at current market values represents a good long-term investment for the Company. To date, the Company has not purchased any Common Shares through the facilities of the TSX under its current normal course issuer bid which came into effect on May 6, 2013 and will expire on May 5, 2014.
ABOUT THE COMPANY
Dundee Energy Limited is a Canadian-based oil and natural gas company with a mandate to create long-term value for its shareholders through the exploration, development, production and marketing of oil and natural gas, and through other high impact energy projects. Dundee Energy holds the largest accumulation of producing oil and gas assets in Ontario, and indirectly holds a 24.6% interest in the Castor offshore underground natural gas storage facility in Spain. The Company's common shares trade on the Toronto Stock Exchange under the symbol "DEN".
Dundee Energy Limited
c/o Dundee Corporation
21st Floor, 1 Adelaide Street East
Toronto, ON M5C 2V9
Dundee Energy Limited
President & CEO
(403) 262-8299 (FAX)
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Jul. 6, 2015 01:00 PM EDT Reads: 1,626
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Jul. 6, 2015 01:00 PM EDT Reads: 2,347
Jul. 6, 2015 01:00 PM EDT Reads: 572
SYS-CON Events announced today that WHOA.com, an ISO 27001 Certified secure cloud computing company, participated as “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which took place June 9-11, 2015, at the Javits Center in New York City, NY. WHOA.com is a leader in next-generation, ISO 27001 Certified secure cloud solutions. WHOA.com offers a comprehensive portfolio of best-in-class cloud services for business including Infrastructure as a Service (IaaS), Secure Cloud Desk...
Jul. 6, 2015 12:45 PM EDT Reads: 303
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 6, 2015 12:45 PM EDT Reads: 1,384
Jul. 6, 2015 12:45 PM EDT Reads: 2,058
SYS-CON Media announced today that CloudBees, the Jenkins Enterprise company, has launched ad campaigns on SYS-CON's DevOps Journal. CloudBees' campaigns focus on the business value of Continuous Delivery and how it has been recognized as a game changer for IT and is now a top priority for organizations, and the best ways to optimize Jenkins to ensure your continuous integration environment is optimally configured.
Jul. 6, 2015 12:37 PM EDT Reads: 181
Jul. 6, 2015 12:30 PM EDT Reads: 1,412
Jul. 6, 2015 12:15 PM EDT Reads: 2,134
Jul. 6, 2015 12:15 PM EDT Reads: 2,029
Jul. 6, 2015 12:00 PM EDT Reads: 1,012
Jul. 6, 2015 11:45 AM EDT Reads: 2,561
Jul. 6, 2015 11:45 AM EDT Reads: 440
Jul. 6, 2015 11:30 AM EDT Reads: 2,313
Jul. 6, 2015 11:30 AM EDT Reads: 1,674