|Strathmore Announces Share Buy-Back Program|
Thu Sep 9, 4:21 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2010) - STRATHMORE MINERALS CORP. (TSX VENTURE: STM.V) ("Strathmore" or "the Company") announces its Board of Directors has authorized the purchase of up to 4,390,000 of its common shares over the next twelve months by means of a share buy-back program through the facilities of the TSX Venture Exchange ("the Exchange"). The Board is of the opinion that the Company's shares are undervalued in the market place.
Strathmore has filed a notice of intention to undertake a normal course issuer bid with the Exchange for the purchase of up to 5% (4,390,000 common shares) of the Company's issued share capital over a twelve month period commencing in not less than five days. All purchases under the buy-back program will be in accordance with the rules of the Exchange. Common shares purchased under the program will be cancelled. Strathmore has engaged Canaccord Genuity Corp. to undertake the share buy-back program on the Exchange.
The Company has not purchased any of its common shares during the previous twelve months. The issuer bid is subject to the approval of the TSX Venture Exchange.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
ON BEHALF OF THE BOARD
David Miller, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Strathmore Minerals Corp.