Altius Minerals Corporation
TSX VENTURE : ALS

Altius Minerals Corporation

October 25, 2006 16:29 ET

Altius Announces Normal Course Issuer Bid

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - Oct. 25, 2006) - Altius (TSX VENTURE:ALS) announces today that it will purchase at market price up to 1,436,341 common shares being approximately 5% of its outstanding shares, by way of a normal course issuer bid through the facilities of the TSX Venture Exchange. The bid is subject to regulatory approval. The bid will commence October 30, 2006 and will stay open for 12 months.

The reason for the bid is that, in the opinion of the board of directors, the value of Altius Minerals, based on anticipated cash flows and underlying asset values, is greater than the present aggregate market price of the common shares and accordingly, the acquisition of common shares under the bid represents a worthwhile investment and appropriate use of funds.


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

Contact Information

  • Altius Minerals Corporation
    Brian F. Dalton
    President
    Toll Free: 1-877-576-2209
    (709) 576-3441 (FAX)
    or
    Altius Minerals Corporation
    Chad Wells
    Corporate Communications
    Toll Free: 1-877-576-2209
    (709) 576-3441 (FAX)
    Email: info@altiusminerals.com
    Website: www.altiusminerals.com