London, Ontario, CANADA, May 13, 2015
Tribute Resources Inc. (TSX-V:TRB) (“Tribute”) announced that a Notice of Intention to make a Normal Course Issuer Bid has been filed with and accepted by the TSX Venture Exchange to purchase up to 3,728,834 (a maximum of 5%) of its issued and outstanding common shares in the capital of the Corporation (“Common Shares”) in a twelve month period. As at May 12, 2015 there were 74,576,673 Common Shares issued and outstanding. The Issuer Bid will commence on the 19th day of May, 2015 and will terminate on the earlier of the 18th day of May, 2016 and the date on which the maximum number of Common Shares are purchased pursuant to the Issuer Bid. Purchases of Common Shares under the Issuer bid will be effected through the facilities of the TSX Venture Exchange at the market price at the time of purchase. Purchases made pursuant to the bid will be made by Pace Securities Corp. on behalf of Tribute. The Corporation’s board of directors and management believe that from time to time, the market price of its Common Shares may not reflect their underlying value and that the purchase of its Common Shares may represent an appropriate and desirable use of corporate funds. Tribute intends to fund the purchases out of available cash.
About Tribute Resources Inc.:
Tribute is a Canadian publicly traded energy company that was incorporated under the Business Corporations Act of the Province of Alberta on May 15, 1997. Tribute’s primary focus is on adding value to shareholders by investing in energy projects including market-based priced underground natural gas storage assets, natural gas reserves and renewable energy projects in Canada. Tribute’s objective is to build a company capable of delivering and sustaining longterm per share growth by developing energy projects that will generate stable long-term cash flow when fully developed. Tribute’s business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute will create value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base. Tribute’s goal is to become one of the leading independent, market-based priced energy providers in Ontario by integrating gas storage and renewable resources to provide reliable, environmentally friendly energy to customers at competitive market-based prices.
Certain statements in this press release may include “forward-looking” statements or information which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Tribute to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as “may”, “will”, “expect”, “anticipate”, “project”, “believe”, “plan”, “intend” and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by Tribute with applicable securities regulatory authorities. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Tribute to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward looking information and statements contained in this press release speak only as of the date hereof, and Tribute does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchanges) accepts responsibility for the adequacy or accuracy of this news release.
For further information on this press release please contact Jennifer Lewis, CFO of Tribute at (519) 657-7624 or visit our website at www.tributeresources.com.