Century Iron Announces Outstanding Shares

Century Iron Mines Corporation (TSX:FER) announced it intends to make a normal course issuer bid to purchase certain of its outstanding common shares.

As quoted in the press release:

As at August 15, 2012 there were 94, 864,071 Common Shares issued and outstanding.

The number of Common Shares to be purchased during the period of the normal course issuer bid (the “Bid”) from August 22, 2012 to August 21, 2013 will not exceed 500,000 Common Shares or approximately 0.5% of the issued and outstanding Common Shares. Daily purchases will be limited to 4,503 Common Shares, save and except that the Company may be permitted to make block purchases. All purchases made pursuant to the NCIB will be made through the facilities of the TSX or other Canadian market places. Common Shares purchased pursuant to the Bid will be cancelled.

Click here to read the Century Iron Mines Corporation (TSX:FER) press release.