October 29, 2010
CanaDream Corporation announces normal course issuer bid
CanaDream Corporation announced today that it will purchase at market price up to 987,633 common shares being approximately 5% of the issued and outstanding common shares, by way of a normal course issuer bid through the facilities of the TSX Venture Exchange. The bid is subject to regulatory approval. The bid will commence November 2, 2010 and will stay open for 12 months. The reason for the bid is that, in the opinion of the board of directors, the value of CanaDream Corporation, based on anticipated cash flows and underlying asset values, is greater than the present aggregate market price of the common shares and accordingly, the acquisition of common shares under the bid represents a worthwhile investment and appropriate use of funds.
For further information please contact:
Brian Gronberg, President