Big Stick Media Corporation
TSX VENTURE : BSM

Big Stick Media Corporation

September 11, 2009 15:32 ET

Big Stick Media Corporation Announces Intention to Repurchase Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2009) - Big Stick Media Corporation (TSX VENTURE:BSM) announces that on September 10, 2009 the TSX Venture Exchange has accepted its notice of intention relating to the repurchase by BSM of certain of its issued and outstanding common shares pursuant to a normal course issuer bid undertaken in accordance with the rules and policies of the Exchange.

Subject to regulatory approval, in connection with the normal course issuer bid, BSM proposes to purchase up to 1,199,601 common shares (or 5% of the total number of common shares currently outstanding) between September 17, 2009, through September 16, 2010.

All purchases of common shares will be effected through the facilities of the Exchange and all common shares purchased will be cancelled.

As of the date hereof, there are 23,992,020 common shares of BSM issued and outstanding.

The common share purchases will be made through Canaccord Capital Corporation.

From time to time, the common shares of BSM may become available for purchase at prices which make them an attractive investment and an appropriate use of BSM's funds. It is anticipated that the purchase of common shares will benefit the remaining shareholders by increasing their equity interest in BSM's assets.

The directors of BSM believe that the purchase by BSM of its own shares at the prevailing market price may, in appropriate circumstances, be a responsible investment of funds on hand, and in the best interests of BSM, and any purchases made will be made on that basis. Pursuant to a previous normal course issuer bid, BSM purchased 345,000 of its own shares within the past twelve months (such amounts reflective of the five to one (5:1) consolidation of BSM's common shares which became effective on May 14, 2009).

BSM is based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the trading symbol "BSM". Additional information about BSM may be found at www.bigstickmedia.com and under the corporate profile at www.sedar.com.

About Big Stick Media Corporation

BSM owns and operates a portfolio of assets that provide fact-based and opinion oriented information relevant to the sports industry. These assets include websites, client-server software, publications and call centers. BSM generates revenues in a number of ways, including various direct to consumer services and direct to business sales through a portfolio of websites, the most significant of which are www.JimFeist.com, www.donbest.com, and www.g-picks.com. BSM also operates the Don Best Sports real-time sports information systems for serious sports enthusiasts, handicappers and bettors.

Cautionary Statement

This news release may contain certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Big Stick Media Corporation's expectations are various risks detailed from time to time in the filings made by Big Stick Media Corporation with securities regulations.

Neither the 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 and accuracy of this release.

Contact Information

  • Big Stick Media Corporation
    Christopher S. Kape
    Chief Executive Officer
    (604) 630-6550 ext. 111
    chris@bigstickmedia.com