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RXP.A Redcliffe Exploration Inc.

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Share Name Share Symbol Market Type
Redcliffe Exploration Inc. TSXV:RXP.A TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Redcliffe Announces Renewal of Normal Course Issuer Bid

14/09/2009 11:50pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Redcliffe Exploration Inc. ("Redcliffe" or the "Company") (TSX VENTURE:RXP.A)
(TSX VENTURE:RXP.B) announces the renewal of its normal course issuer bid (the
"Bid") pursuant to the bylaws, rules and policies of the TSX Venture Exchange
("TSX-V"). Subject to regulatory approval, the Bid will commence on September
15, 2009 and will expire on September 14, 2010 unless terminated earlier by the
Company. Pursuant to the Bid, the Company may acquire up to an aggregate of
5,515,389 Class A shares, representing 5% of the 110,307,788 Class A shares
issued and outstanding at September 14, 2009.


It is the Company's intention to acquire the Class A shares at prices that
represent a discount to their underlying net asset value. Class A shares
acquired will be subsequently cancelled. The objective is to provide capital
appreciation and market stability for the benefit of the Company's shareholders.
Purchases under this issuer bid will be carried out by FirstEnergy Capital Corp.
through the facilities of the TSX-V.


Reader Advisories

Forward-Looking Statements: This news release contains statements about future
events that are forward looking in nature and, as a result, are subject to
certain risks and uncertainties such as changes in plans or the occurrence of
unexpected events. Actual results may differ from the estimates provided by
management.


1 Year Redcliffe Exploration Inc. Chart

1 Year Redcliffe Exploration Inc. Chart

1 Month Redcliffe Exploration Inc. Chart

1 Month Redcliffe Exploration Inc. Chart

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