VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2011) - Lynden Energy Corp. (TSX VENTURE:LVL) reports that, subject to TSX Venture Exchange acceptance, it intends to conduct a normal course issuer bid to purchase for cancellation up to 4,730,526 of its common shares representing approximately 5% of its issued and outstanding share capital. The normal course issuer bid will be conducted through the facilities of the TSX Venture Exchange.
The share repurchase is being launched because management is of the view that the company's stock is significantly undervalued. It is expected to commence on the first trading day after the TSX Venture Exchange has accepted the filing of the notice concerning the bid and will continue for up to one year. Purchases will be made through Jennings Capital Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
LYNDEN ENERGY CORP.
Colin Watt, President and CEO
Neither the 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 news release.
Contact Information:
Colin Watt
President and CEO
(604) 629-2991
(604) 602-9311 (FAX)