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SER

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Last Updated: -
Delayed by 15 minutes
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

08/07/2013 12:00pm

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 continue to acquire shares
under 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 849,400 common shares, representing 10% of the
public float of 8,493,995 common shares upon the proposed date of commencement
of the Bid. There are currently 14,301,958 common shares of Serenic issued and
outstanding. The Bid is to commence on July 10, 2013, and will terminate on July
9, 2014 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.


The Corporation conducted a Bid from June 22, 2011 to June 22, 2012 during which
313,500 shares were purchased and cancelled for a cost of $44,006. The
Corporation also conducted a Bid from June 25, 2012 to June 25, 2013 during
which 575,000 shares were purchased and cancelled at a total cost of $144,206. 


Common shares will be purchased at the market price at the time of purchase and
will be purchased on behalf of Serenic by Wolverton 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  

Dwayne Kushniruk

Chairman 

SERENIC CORPORATION 

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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Serenic Corporation
Dwayne Kushniruk
Chairman
dkushniruk@serenic.com


Serenic Corporation
Paul Johnston
CFO
1-877-426-5385 x509
pjohnston@serenic.com
www.serenic.com


Investor Relations
Cantech Communications
Nick Waddell
(778) 340-6558 or toll free: (877) 737-3642 x144
ir@serenic.com
www.cantechcommunications.com

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