SCOTTSDALE, AZ,
Dec. 2, 2013 /PRNewswire/ - RDX
Technologies Corporation ("RDX" or the "Company") (TSXV: RDX,
OTCQX: RGDEF, FSE: RL7) a technology driven company operating
in the waste water and energy services industries, today announces
that the Board of Directors has approved the Company to proceed
with a Normal Course Issuer Bid through the facilities of the TSX
Venture Exchange.
The Company has engaged Frédéric Dulude a broker
with Industrial Alliance Securities Inc., a member of the TSX
Venture Exchange, to conduct the Normal Course Issuer Bid on behalf
of RDX. The Company intends to purchase from the market through the
facilities of the TSX Venture Exchange 8,616,902 common shares of
the Issuer representing 5% of the currently issued and outstanding
common shares of RDX over the next 12 months commencing on or about
December 1, 2013. All common shares
purchased by the Company under the Normal Course Issuer Bid will be
cancelled.
The Normal Course Issuer Bid will be made in
accordance with TSX Venture Exchange Policy 5.6. The purpose of the
Normal Course Issuer Bid is to reduce the number of issued and
outstanding common shares of RDX and to help streamline the capital
structure of the Company over the next 12 months.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com
"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 news release. 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.
Such information is subject to known and unknown risks,
uncertainties and other factors that could influence actual results
or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward- looking
information. Readers are cautioned not to place undue reliance on
forward-looking information, as no assurances can be given as to
future results, levels of activity or achievements."
SOURCE RDX Technologies Corporation
