IE Staff
(October 28 – 17:45 ET) –
Assante Corporation has
received approval from the Toronto
Stock Exchange to proceed with its
normal course issuer bid.
Purchases pursuant to the bid may
commence on November 1, 1999 and
will terminate on October 1,
2000, or on such earlier date as
Assante may have purchased the
maximum number of shares
permitted under the bid.
Under the bid, the Corporation
intends to purchase for
cancellation up to 2,675,000 of
its subordinate voting shares,
representing approximately 4.99%
of the 53,824,996 subordinate
voting shares presently
outstanding.