Grey Horse Corporation

Grey Horse Corporation

March 04, 2008 08:00 ET

Grey Horse Corporation: Variance of Automatic Securities Purchase Plan Dated as of January 21, 2008

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - Grey Horse Corporation (TSX:GHC) ("Grey Horse") announces that it has agreed with Cormark Securities Inc. ("Cormark") to vary the automatic securities purchase plan dated as of January 21, 2008 (the "Plan") in respect of Grey Horse's previously announced normal course issuer bid ("NCIB"). Prior to the variance, the Plan would terminate on the earlier of: (i) January 29, 2009; (ii) the date on which an aggregate of 333,761 Grey Horse Common Shares had been purchased pursuant to the Plan; or (iii) the date on which Five Hundred Thousand Dollars ($500,000) had been expended on NCIB purchases pursuant to the Plan. The variance to the Plan announced today increases the maximum purchase amount to $1,200,000 and leaves the other two limitation parameters of the Plan unchanged.

Pursuant to the terms of the Plan, Grey Horse confirms that it is not in possession of material nonpublic information about itself, its common shares or any of its other securities at the time of this press release.

About Grey Horse

Through its wholly owned subsidiaries, Grey Horse provides transfer agent, corporate trust, corporate secretary, foreign exchange and limited market dealer services to corporations in North American capital markets. Learn more at

Certain information included in this press release may be forward-looking and involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Grey Horse's growth, the state of the financial markets, regulatory risks and other factors. Unless otherwise required by applicable securities laws, Grey Horse disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect Grey Horse's financial and business results is included in public documents Grey Horse files from time to time with Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Grey Horse Corporation
    Kevin Reed
    President & CEO
    (416) 361-0930
    Grey Horse Corporation
    Paul G. Smith
    EVP & CFO
    (416) 361-0930