SHARES OUTSTANDING: 78,000,000 Approx.
FLOAT: 49,000,000 Approx.
STOCK
SYMBOLS: RSM.V and
RYSMF-OTCBB
CORRECTION FROM SOURCE: Royal Standard Minerals Inc. Announces a Normal Course Issuer Bid
Jun 18, 2007 5:07:00 PM
TORONTO, ONTARIO--(CCNMatthews
- June 18, 2007) - In the release issued at 12:49 PM ET, June 18, 2007, there
was an error in the second paragraph. The complete and corrected release
follows.
Royal
Standard Minerals Inc. (the "Corporation") (TSX VENTURE:RSM),
announced that on June 25, 2007 it intends to begin a normal course issued bid
to repurchase some of its common shares on the TSX Venture Exchange, subject to
TSX-V approval. Under the bid, the Corporation intends to repurchase up to 4
million common shares, representing approximately 5% of the issued and
outstanding common shares presently outstanding. Purchases are expected to be
made in accordance with applicable regulations over a maximum period of 12
months ending June 25, 2008. The directors of the Corporation believe that the
purchase by the Corporation of its own shares at the prevailing market price
may, in appropriate circumstances, be a responsible investment of funds on
hand, and in the best interests of the Corporation, and any purchases made will
be made on that basis. The Corporation has not made any previous purchases of
its own shares within the past twelve months. The IDA member firm conducting
the bid is M Partners of Toronto, Ontario.
The
Corporation is involved in the acquisition, exploration and development of
precious metal properties in the State of Nevada
in the United States.
This news
release contains forward-looking statements that involve a number of risks and
uncertainties. Some of the factors that could cause actual results to differ
materially from those indicated are, product demand, competitive pressures,
business conditions in the marketplace, general economic conditions , market
price of shares, and risk factors detailed in the Corporation's regulatory
filings.
The TSX
Venture Exchange does not accept responsibility for the adequacy or accuracy of
this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Royal
Standard Minerals Inc.
Roland
Larsen
(775)
487-2454
Fax:
(775) 487-2460 (FAX)
Website: www.royalstandardminerals.com
Source: Royal Standard Minerals Inc.
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