Normal Course Issuer Bid Announced by Primary Petroleum

A normal course issuer bid to purchase up to 7,358,610 of its common shares through the facilities of the TSX Venture Exchange has been announced by Primary Petroleum Corporation (TSXV:PIE,OTCQX:PETEF).

As quoted in the press release:

The purchase of common shares under the Issuer Bid will enable the Company to acquire its shares for cancellation. Primary believes that the market price of the Company’s common shares may not reflect their underlying value and that the purchase of common shares for cancellation will increase the proportionate shareholdings of, and will be advantageous to, all remaining shareholders.

Click here to read the Primary Petroleum Corporation (TSXV:PIE,OTCQX:PETEF) press release