Dynacor Gold Mines Inc. (Dynacor Symbol: Toronto Stock Exchange (TSX) : DNG OTC (United States): DNGDF Shares outstanding: 39,654,344 PR-2018-04-07 DYNACOR ANNOUNCES SHARE
2018
Dynacor Gold Mines Inc. (Dynacor
Symbol:
Toronto Stock Exchange (TSX) : DNG
OTC (United States): DNGDF
Shares outstanding: 39,654,344
PR-2018-04-07
DYNACOR ANNOUNCES SHARE
Montreal, April 17, 2018 –
(Dynacor or the Corporation
approved the Corporation's request to establish
program, through which Dynacor may purchase, for ca ncellation, up to 1,982,717 or
approximately 5% of its outstanding common shares as of April
Jean Martineau, President & CEO said, "
market, we see the launch of the NCIB as an
a strong buyer’s market. Dynacor is
to its shareholders through the NCIB
believe is a significant discount
are reviewing other value- added
shareholder value."
The Corporation may purchase shares under the norma l course issuer bid over the
period beginning April 23 , 2018 and ending
may be made through the facilities of the TSX, and the price for any rep
be the prevailing market price at the time of the a cquisition. All shares purchased by the
Corporation will be cancelled. The
exceed 12,692 common shares, which is equal to 25% of the average daily trading volume
on the TSX for the six- month
made in accordance with the “block purchase exception” of the TSX rules. The average daily
volume for this period was calculated in accordance with t he rules of the TSX and is equal to
50,768 shares.
The normal course issuer bid represents a proper ut ilization of Dynacor’s available funds as
part of the Corporation’s capital management strate gy and i
shareholder value.
1
ynacor )
: DNG
ANNOUNCES SHARE BUY BACK PROGRAM
– Dynacor Gold Mines Inc. (TSX : DNG
(Dynacor or the Corporation ) is pleased to announce that the Toronto Stock Excha nge has
approved the Corporation's request to establish a normal course issuer bid share buyback
program, through which Dynacor may purchase, for ca ncellation, up to 1,982,717 or
approximately 5% of its outstanding common shares as of April 10, 2018 .
Jean Martineau, President & CEO said, " With today’s current weak ness in the
launch of the NCIB as an opportunity to add value in
Dynacor is in a fiscally healthy position to return a
through the NCIB . Purchasing common shares in the market at what we
discount will attribute to increasing shareholder value
added opportunities which will further contribute
The Corporation may purchase shares under the norma l course issuer bid over the
, 2018 and ending April 22 , 2019, when the bid expires. Purchases
may be made through the facilities of the TSX, and the price for any rep
be the prevailing market price at the time of the a cquisition. All shares purchased by the
Corporation will be cancelled. The number of shares repurchased on any given day may not
common shares, which is equal to 25% of the average daily trading volume
month period ending March 31 , 2018 except where purchases are
made in accordance with the “block purchase exception” of the TSX rules. The average daily
for this period was calculated in accordance with t he rules of the TSX and is equal to
The normal course issuer bid represents a proper ut ilization of Dynacor’s available funds as
part of the Corporation’s capital management strate gy and i s being established to enhance
PROGRAM
: DNG / OTC: DNGDF)
is pleased to announce that the Toronto Stock Excha nge has
a normal course issuer bid share buyback
program, through which Dynacor may purchase, for ca ncellation, up to 1,982,717 or
.
ness in the gold mining
what we deem to be
o return a portion of its cash
Purchasing common shares in the market at what we
value . Additionally, we
further contribute to enhancing
The Corporation may purchase shares under the norma l course issuer bid over the 12-month
, 2019, when the bid expires. Purchases
urchased shares will
be the prevailing market price at the time of the a cquisition. All shares purchased by the
of shares repurchased on any given day may not
common shares, which is equal to 25% of the average daily trading volume
, 2018 except where purchases are
made in accordance with the “block purchase exception” of the TSX rules. The average daily
for this period was calculated in accordance with t he rules of the TSX and is equal to
The normal course issuer bid represents a proper ut ilization of Dynacor’s available funds as
s being established to enhance
2
The extent to which Dynacor repurchases its shares and the timing of such repurchases will
depend upon market conditions and other corporate c onsiderations, as determined by
Dynacor's management team. The purchases will be funded from existing cash balances.
ABOUT DYNACOR GOLD MINES INC.
Dynacor Gold Mines Inc. is a gold production corpor ation headquartered in Montreal, Canada. The corpor ation is engaged in production
through its government approved ore processing oper ations. At present, Dynacor produces and explores i n Peru where its management
team has decades of experience and expertise. In 2017, Dynacor produced 79,897 ounces of gold, a 8.7% increase as compared with 2016
(73,476 ounces). Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and
other factors that may cause the actual results, pe rformance or achievements of Dynacor, or industry r esults, to be materially different from
any future result, performance or achievement expre ssed or implied by such forward-looking statements. These statements reflect
management’s current expectations regarding future events and operating performance as of the date of this news release.
Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF)
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines
For more information, please contact: Dynacor Gold Mines Inc.
Jean Martineau
President and CEO
#1105, 625 René-Lévesque Blvd.
Dynacor Gold Mines Inc.
Montreal, Quebec H3B 1R2
T: 514-393-9000 ext. 228
Dale Nejmeldeen
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 | M: 604.562.1348