TORONTO, Sept. 20 /PRNewswire-FirstCall/ -- Consolidated Mercantile Incorporated ("CMC" - TSX) ("CSLMF" - NASDAQ) announced today that it intends to make a normal course issuer bid commencing September 22, 2005 and ending September 21, 2006 to purchase up to a maximum of 254,940 of its issued common shares, equal to 5% of its 5,098,807 total issued common shares as at September 15, 2005 through the facilities of The Toronto Stock Exchange. Purchases in any 30-day period shall not exceed 2% of the common shares outstanding at the time of purchase. All shares so purchased will be immediately cancelled. The Corporation purchased 83,125 common shares at an average price of $5.00 per share under the Corporation's recent normal course issuer bid which expires on September 21, 2005. Management of the Corporation is of the view that current market prices of common shares constitute a prudent investment of corporate funds. DATASOURCE: Consolidated Mercantile Incorporated CONTACT: Stan Abramowitz, Secretary, (416) 920-0500

Copyright