Stocks in play: Source Energy Services Ltd.
Announced that the Toronto Stock Exchange has accepted Source's application to amend its previously approved Normal Course Issuer Bid to purchase approximately 1% of its outstanding common shares for cancellation through the facilities of the TSX. Under the amended NCIB, Source is permitted to purchase up to $1.6 million worth of its common shares, which, based on current market prices, would represent a purchase of an aggregate of approximately 615,000 common shares including the 315,000 common shares purchase previously approved. The amended NCIB will commence on November 6, and allows for a further 300,000 common shares to be purchased for cancellation. Source Energy Services Ltd. shares T.SHLE are trading down $0.12 at $1.92.