TUS

Tuscany Energy Ltd. (TSX VENTURE:TUS) announced that it has filed with the TSX
Venture Exchange (the "Exchange") a Notice of Intention to make a Normal Course
Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as it
considers advisable, up to 906,220 of the issued and outstanding Common Shares
(being approximately 5% of the 18,124,395 Common Shares outstanding at October
18, 2013. Purchases will be made on the open market through the facilities of
the Exchange. CIBC Wood Gundy will conduct the Bid on behalf of Tuscany. The
price which Tuscany will pay for any shares purchased will be the prevailing
market price of such shares on the Exchange at the time of such purchase.


Pursuant to a Normal Course Issuer Bid during the last twelve months, Tuscany
has purchased 754,375 Common Shares (adjusted for the 8 for 1 consolidated as of
July 16, 2013) at an average price of approximately $0.46 being 99% of the
shares authorized pursuant to the Notice of Intention to Make a Normal Course
Issuer Bid dated October 29, 2012.


The Bid will commence on October 24, 2013 and will terminate on the earlier of
October 23, 2014, or the date on which Tuscany has acquired all of the shares
sought pursuant to the bid. Any shares acquired by Tuscany pursuant to the bid
will be cancelled.


The Board of Directors of Tuscany believe that the current and recent market
prices of Tuscany's shares do not give full effect to their underlying value and
that, accordingly, the purchase of shares will increase the proportionate share
interest of, and be advantageous to, all remaining shareholders. The normal
course purchases will also afford an increased degree of liquidity to Tuscany
shareholders who would like to dispose of their shares.


ADVISORY: Certain information regarding the Company in this News Release
including the purchase of up to 5% of the Company's common shares under a normal
course issuer bid and the approval from the Exchange to proceed with the bid may
constitute forward-looking statements under applicable securities laws. Actual
results may differ materially from those anticipated in the forward-looking
statements. Additional information on other factors that could effect the
Company's operations and financial results are included in reports on file with
Canadian securities regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com) and at the Company's website (www.tuscanyenergy.com).
Furthermore, the forward-looking statements contained in this news release are
made as at the date of this news release and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tuscany Energy Ltd.
Robert W. Lamond, Chairman & CEO
or Donald K. Clark, Vice President Operations & COO
(403) 269-9889
(403) 269-9890 (FAX)
www.tuscanyenergy.com

Tuscany Energy Ltd. (TSXV:TUS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Tuscany Energy Ltd. (TSXV:TUS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024