The Forzani Group Ltd./Le Groupe Forzani Ltee
TSX : FGL

The Forzani Group Ltd./Le Groupe Forzani Ltee

July 15, 2008 16:05 ET

The Forzani Group Ltd. Completes Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwire - July 15, 2008) - The Forzani Group Ltd. (TSX:FGL) (the "Company") today announced that it has purchased, and returned to treasury for cancellation, the entire 2,664,376 Class "A" common shares ("Common Shares") it was authorized to purchase pursuant to its normal course issuer bid which commenced March 28, 2008 (the "Bid") with an expiry date of March 27, 2009. All purchases were made through the facilities of the TSX.

The Bid was put in place because the Company believes that the Common Shares are undervalued in the market and are a good investment for the Company at current and recent prices. As at today the Company has 30,468,045 Common Shares outstanding.

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under the following corporate and franchise banners: Sport Chek, Coast Mountain Sports, Sport Mart, National Sports, Sports Experts, Intersport, Econosports, Atmosphere, Tech Shop, Pegasus, Nevada Bob's Golf, Hockey Experts, The Fitness Source and Athletes World. The Company also has websites for several of its corporate and franchise banners which can be accessed through its main website at www.forzanigroup.com.

Contact Information

  • The Forzani Group Ltd.
    Richard Burnet, C.A.
    Chief Financial Offer
    (403) 717-1442
    Website: www.forzanigroup.com