Jewett-Cameron Trading Company Ltd. JCTCF today announces that its Board of Directors has authorized the implementation of a share repurchase plan to purchase for cancellation up to 345,960 common shares through facilities of the NASDAQ Stock Market.
This amount represents approximately 15% of the approximately 2.3 million common shares outstanding, and is the remaining balance of the 425,000 shares authorized for repurchase as under Jewett-Cameron's previously announced May 25, 2010 repurchase plan, which terminated on August 17, 2010. The Company previously repurchased 79,040 shares under that plan.
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