TriNorth Capital Inc.
TSX : TRT

TriNorth Capital Inc.

November 14, 2006 10:08 ET

TriNorth Capital Makes Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - TriNorth Capital Inc. (TSX:TRT) announced today that it has filed a Notice of Intention to make a Normal Course Issuer Bid through the facilities of the Toronto Stock Exchange, pursuant to which the Corporation may purchase up to 899,390 of its common shares, representing 4.99% of its 17,987,817 issued and outstanding common shares. The purchases may commence on November 15, 2006 and will terminate on November 14, 2007 or on such earlier date as TriNorth may complete its purchases pursuant to the Notice of Intention. The purchases will be made in accordance with the policies and rules of the TSX and will be purchased for cancellation. The prices that TriNorth will pay for any common shares will be the market price of such shares at the time of acquisition.

TriNorth believes that its common shares have been trading in a price range that does not adequately reflect the value of such shares in relation to the business of TriNorth and its future business prospects. As a result, depending upon future price movements and other factors, TriNorth believes that its outstanding common shares may represent an attractive investment to TriNorth. Furthermore, the purchases are expected to benefit all persons who continue to hold common shares by increasing their equity interest in TriNorth.

TriNorth Capital Inc. is a Canadian-based investment company that has investments in privately-held and publicly-traded high growth potential companies, cash resources and substantial tax losses to shelter future income and investment gains.

For more details about TriNorth and its investments please visit its website at www.trinorthcapital.com.

Contact Information

  • TriNorth Capital Inc.
    John Pennal
    President & Chief Executive Officer
    (416) 956-4926
    Website: www.trinorthcapital.com