Interesting NR out of Sprott Resource Corp (SCP.to) moments ago. Here’s how it starts, but if you care about these things you should read it all for the gold bullion notes at the bottom:
TORONTO, Sept. 6, 2013 /CNW/ – (TSX:SCP) – Sprott Resource Corp. (“SRC”) is pleased to announce that it intends to commence a normal course issuer bid (the “Bid”) to repurchase up to 8.5 million of its common shares (the “Shares”), representing approximately 9.54% of the public float of SRC and approximately 8.52% of the total number of issued and outstanding Shares. As at August 30, 2013, there were 99,719,097 Shares of SRC outstanding. Purchases will be made for cancellation through the facilities of the Toronto Stock Exchange (the “TSX”) or other Canadian market places at the prevailing market price of the Shares.