CPVC Financial Corporation
TSX VENTURE : LHB

January 15, 2007 15:13 ET

CPVC Financial Corporation: Press Release

MONTREAL, QUEBEC--(CCNMatthews - Jan. 15, 2007) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

CPVC FINANCIAL CORPORATION (TSX VENTURE:LHB)("CPVC Financial") announces that it has obtained regulatory approval to proceed with a normal course issuer bid whereby CPVC Financial may purchase up to a total of 3,999,664 common shares representing approximately 5% of the common shares currently issued and outstanding (79,993,280 shares were outstanding as at January 12, 2007). It is expected that the normal course issuer bid will commence on January 19, 2007 and terminate on January 18, 2008. All acquisitions of common shares by CPVC Financial pursuant to the bid will be made through the facilities of TSX Venture Exchange Inc. at the market price for cancellation by the Corporation. CPVC Financial is making a bid to stabilize the trading price and provide liquidity in the market for its common shares.

Purchases on behalf of CPVC Financial will be made by Octagon Capital Corporation, 310, 606 - 4th Street S.W., Calgary, Alberta, T2P 1T1.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • CPVC Financial
    Alain Lambert
    President
    (514) 395-1191