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SER

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:SER 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 -

Serenic Corporation Renews Normal Course Issuer Bid

20/06/2012 10:00pm

Marketwired Canada


Serenic Corporation (the "Corporation" or "Serenic") (TSX VENTURE:SER), an
international software developer specializing in integrated financial management
and HCM solutions for not-for-profit organizations, government agencies, and
Microsoft Dynamics NAV users, announces its intent to conduct a Normal Course
Issuer Bid (the "Bid") pursuant to the provisions of TSX Venture Exchange Policy
5.6. 


The Bid, which is subject to the approval of the TSX Venture Exchange, will
consist of the purchase, from time to time, if and to the extent Serenic
considers it advisable, of up to 906,900 common shares, representing 10% of the
public float of 9,068,995 common shares upon the proposed date of commencement
of the Bid. There are currently 14,876,958 common shares of Serenic issued and
outstanding. The Bid is to commence on June 22, 2012, and will terminate on June
21, 2013 or earlier if the number of shares sought in the Bid have been
obtained. Serenic reserves the right to terminate the Bid earlier if it feels it
is appropriate to do so. All shares acquired under the Bid will be returned to
treasury for cancellation.


Under its previous normal course issuer bid that commenced June 22, 2011 and
expired June 21, 2011, Serenic purchased 313,500 common shares through open
market purchases on the TSX Venture Exchange at an average cost per share of
$0.27.


Common shares will be purchased at the market price at the time of purchase and
will be purchased on behalf of Serenic by Union Securities Ltd., Serenic's
broker in connection with the Bid, in accordance with the rules and policies of
the TSX Venture Exchange. 


Serenic believes that current market conditions provide opportunities for
Serenic to acquire common shares at attractive prices and that the repurchase of
common shares at current market prices is an appropriate use of corporate funds.


Serenic Corporation publishes mission-critical software products for
not-for-profits (NFP), educational institutions and governments. The Company's
products are based on leading application and technology platforms from
Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed in
North America and internationally through value-added resellers and a direct
sales organization. Serenic Corporation is the exclusive developer of human
resource management and payroll products for Microsoft Dynamics NAV ERP users in
North America. Serenic has offices in Edmonton, Alberta and Denver, Colorado and
staff located throughout the USA, Europe and Africa.


ON BEHALF OF THE BOARD OF DIRECTORS  

By: "Dwayne Kushniruk", Chairman 

Forward Looking Statements 

Certain statements contained in this press release, including statements which
may contain words such as "could", "should", "expect", "anticipate", "believe",
"will", and similar expressions and statements relating to matters that are not
historical facts, are forward looking statements. Such forward looking
statements involve known and unknown risks and uncertainties which may cause the
actual results, performances or achievements of Serenic Corporation to be
materially different from any future results, performances or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, software industry risks, general business risks, foreign
currency risks, economic dependence risks, and credit risks.


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