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BMN.A

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Share Name Share Symbol Market Type
TSXV:BMN.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Beaumont Select Corporations Inc. to Continue with Normal Course Issuer Bid

28/06/2011 9:54pm

Marketwired Canada


BEAUMONT SELECT CORPORATIONS INC. (TSX VENTURE:BMN.A) ("Beaumont") announced
that it has filed with the TSX Venture Exchange a Notice of Intention to Make a
Normal Course Issuer Bid which shall commence on July 2, 2011 and terminate on
July 1, 2012 or the earlier of the date all shares which are subject to the
Normal Course Issuer Bid are purchased. This Normal Course Issuer Bid follows
the one Beaumont commenced on July 2, 2010 (and which expires on July 1, 2011)
pursuant to which Beaumont purchased approximately 172,500 Class "A" shares as
at June 20, 2011.


In the opinion of the board of directors of Beaumont, the market price of the
Class "A" shares of Beaumont does not accurately reflect the value of those
shares. As a result, Beaumont's Class "A" shares may continue to become
available for purchase at prices which make them an appropriate use of funds of
the company.


Beaumont intends to attempt to acquire up to an aggregate of 810,779 of its
Class "A" shares over the next 12 month period representing 5% of the issued and
outstanding Class "A" shares. There were 16,215,597 Class "A" shares of Beaumont
issued and outstanding as of June 20, 2011.


Purchases subject to this Normal Course Issuer Bid will be carried out pursuant
to open market transactions through the facilities of the TSX Venture Exchange
by Macquarie Private Wealth Inc. on behalf of Beaumont. Once purchased the Class
"A" shares will be returned to treasury for cancellation.


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