11:06 AM EST - Magellan Aerospace Corporation : Announced today that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 2,910,450 of the Corporation's issued and outstanding common shares, being 5% of the 58,209,001 Shares outstanding as of May 25. Magellan Aerospace Corporation
shares T.MAL are trading up $0.145 at $5.91.
