Canterbury Park (CPHC) Board Authorizes Additional 100k Share Buyback
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Canterbury Park Holding Corporation (NASDAQ: CPHC) today announced that its Board of Directors has authorized the repurchase of an additional 100,000 shares of the Company's common stock under a stock buy-back plan it adopted in 2008.
The Company’s stock buy-back plan adopted in 2008 provided for the repurchase of 250,000 shares. To date, under this plan, the Company has repurchased 216,543 shares of its stock at an approximate cost of $1.89 million. At June 30, 2012, the Company had unrestricted cash of $9,490,071 and 4,141,898 shares of common stock outstanding.
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The Company’s stock buy-back plan adopted in 2008 provided for the repurchase of 250,000 shares. To date, under this plan, the Company has repurchased 216,543 shares of its stock at an approximate cost of $1.89 million. At June 30, 2012, the Company had unrestricted cash of $9,490,071 and 4,141,898 shares of common stock outstanding.
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